PBOC injects $81b into banks
Updated: 2014-09-17 11:00
(chinadaily.com.cn)
|
|||||||||||
The People's Bank of China (PBOC) has injected 500 billion yuan ($81 billion) into the nation's five largest banks, said Sina.com, citing banking analyst Qiu Guanhua at Guotai Junan Securities Co.
The PBOC on Tuesday started the Standing Lending Facility operation, channeling the cash to the nation's five biggest banks for a three-month period within two days, said the report.
According to Qiu Guanhua, the reasons behind this move have two aspects, to ease the pressure on the financial system and quell fears about money drought, and it's a strategic move to replace the cut of reserve requirement ratio and interest rates.
The PBOC hasn't publicly responsed to this issue yet.
|
|
BOC announces yuan bond listing on Euronext | China Development Bank issues yuan bondsin London |
Related Stories
Property lending expands after prodding by PBOC 2014-08-21 07:12
PBOC monetary policy not US-style QE 2014-08-12 13:13
PBOC to use new tools for liquidity operations 2014-07-22 07:41
PBOC frees up Shanghai foreign deposit rate 2014-06-28 13:18
PBOC takes more steps to liberalize interest rates 2014-06-26 13:56
Today's Top News
How Alibaba IPO learnt from Facebook's mistake
Russia to beef up troops in Crimea
10 problems of Chinese society
PBOC injects $81b into banks
iPhone 6 spawns Chinese satire
US general 'not rule out' larger ground role in Iraq
China's door to open wider, Li says
Shanghai FTZ official removed
Hot Topics
Lunar probe , China growth forecasts, Emission rules get tougher, China seen through 'colored lens', International board,
Editor's Picks
Endangered species threatens livelihoods |
Chinese mavericks set to amaze racing world |
Helping them breathing |
Going the distance |
Righting wrong judgements |
People progress |