Date
19 November 2017

PBoC injects short-term liquidity to market, HKEJ says

The People’s Bank of China (PBoC) said it has recently injected liquidity into the market and will continue to do so if necessary, the Hong Kong Economic Journal reported Thursday, citing a weibo post by the central bank. The PBoC made the infusion through its short-term liquidity operations (SLO), introduced earlier this year. The amount was not disclosed but financial website finance.ifung.com, citing an unnamed source, said it was 200 billion yuan. SLO was first used in October to pump 59 billion yuan (US$9.71 billion ) into the financial system in a two-day operation, the report said.   

– Contact HKEJ [email protected]

TL/AC/RA

 

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