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China pumps cash into banking system to support stimulus funding

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The People’s Bank of China offered 1.45 trillion yuan ($200 billion) of cash through its medium-term lending facility — 600 billion yuan more than the 850 billion yuan coming due in November. The net injection was the most since 2016.

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​ The People’s Bank of China offered 1.45 trillion yuan ($200 billion) of cash through its medium-term lending facility — 600 billion yuan more than the 850 billion yuan coming due in November. The net injection was the most since 2016. The People’s Bank of China offered 1.45 trillion yuan ($200 billion) of cash through its medium-term lending facility — 600 billion yuan more than the 850 billion yuan coming due in November. The net injection was the most since 2016.  Moneycontrol Latest News Read More  

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