From Asia Financial, October 16:
The PBOC said it is pumping $39.5 billion of fresh liquidity into the banking system, the biggest net injection if its kind in nearly three years
China’s central bank boosted its market liquidity support on Monday by rolling over medium-term policy loans, but the interest rate was kept unchanged amid concerns for the under-pressure yuan.
The People’s Bank of China (PBOC) is walking a tightrope between keeping liquidity ample to aid a struggling economy and stabilising the yuan amid expectations of “higher for longer” US rates.
The PBOC said in a statement it conducted medium-term lending facility (MLF) operations worth 789 billion yuan ($107.96 billion) to keep liquidity in the banking system adequate.
With 500 billion yuan worth of MLF loans maturing, the PBOC is pumping 289 billion yuan of fresh liquidity into the banking system, the biggest such net injection in nearly three years....
....MUCH MORE
We're still looking for signs of a turn in the Chinese economy but not yet seeing it. One of our indicators, the CSI 300 Stock Index is trading basically flat today, off 1.96 at 3,624.64.The yuan is a bit weaker at 7.3114
Earlier today:
"China’s banks may be loaded up with hidden bad loans"
