What's news

Govt and policiesa

Central bank injects liquidity

China's central bank continued to pump cash into the money market in August to meet financial institutions' demand for liquidity. The People's Bank of China, the central bank, said 532 billion yuan ($77.5 billion) was injected into the market via the medium-term lending facility last month to maintain liquidity in the banking system at a reasonable and ample level. The funds will mature in one year at an interest rate of 3.3 percent. Total outstanding MLF loans reached 5.12 trillion yuan as of the end of August.