China Injects $52 Billion Into Banking System in Historic Mid-Month Liquidity Move
China’s central bank has injected 348 billion yuan, roughly $52 billion, into the country’s banking system, marking the first time the People’s Bank of China (PBOC) has used overnight reverse repos for a mid-month liquidity operation. The move, carried out on Friday, August 14, comes as Chinese financial institutions face increased liquidity demands around the…
