{"id":120496,"date":"2021-08-27T03:19:45","date_gmt":"2021-08-27T03:19:45","guid":{"rendered":"https:\/\/fin2me.com\/?p=120496"},"modified":"2021-08-27T03:19:45","modified_gmt":"2021-08-27T03:19:45","slug":"china-cbank-makes-biggest-weekly-cash-injection-into-banking-system-since-feb","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/china-cbank-makes-biggest-weekly-cash-injection-into-banking-system-since-feb\/","title":{"rendered":"China cbank makes biggest weekly cash injection into banking system since Feb"},"content":{"rendered":"<figcaption>FILE PHOTO: A man wearing a mask walks past the headquarters of the People&#8217;s Bank of China, the central bank, in Beijing, China, as the country is hit by an outbreak of the new coronavirus, February 3, 2020. REUTERS\/Jason Lee<\/figcaption><p>SHANGHAI (Reuters) &#8211; China\u2019s central bank increased its short-term fund injection this week by offering the most cash on a net basis in nearly seven months to meet higher cash demand towards the month-end.<\/p>\n<p>The People\u2019s Bank of China (PBOC) said it offered 50 billion yuan ($7.71 billion) through seven-day reverse repos into the banking system on Friday for the third straight session.<\/p>\n<p>Previously, the PBOC usually only injected a minimal 10 billion yuan during the month.<\/p>\n<p>The central bank attributed the higher daily injection to \u201cmaintain stable liquidity conditions at the end of the month\u201d.<\/p>\n<p>For the week, the PBOC has injected a net 120 billion yuan into the banking system, the largest weekly injection since the start of February.<\/p>\n<p>($1 = 6.4809 Chinese yuan renminbi)<\/p>\n<p>Source: <a href=\"https:\/\/www.reuters.com\/article\/china-markets-liquidity\/china-cbank-makes-biggest-weekly-cash-injection-into-banking-system-since-feb-idUSB9N2PM00G\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>FILE PHOTO: A man wearing a mask walks past the headquarters of the People&#8217;s Bank of China, the central bank, in Beijing, China, as the [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":120495,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - 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