PBOC cash injection to ease liquidity woes

Central bank to infuse $47.05b for lending to small, agricultural firms and startups

China's central bank will inject 300 billion yuan ($47.05 billion) into commercial banks from Thursday to ease liquidity conditions and support lending to small and microsized enterprises, startups and agricultural production.

The injection will take place through a targeted cut of the cash amount that should be reserved - the reserve requirement ratio (RRR) - by 0.5 to 1.5 percentage points for commercial banks which have offered a certain amount of loans for those sectors.