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PBOC continues to inject funds

China's central bank on Thursday injected funds of 120 billion yuan ($17.5 billion) through open market operations to ease liquidity pressure. The People's Bank of China (PBOC) conducted 100 billion yuan of seven-day reverse repos at an interest rate of 2.55 percent and 20 billion yuan of 14-day reverse repos at an interest rate of 2.7 percent. The move was aimed at offsetting the impact of tax payments and government bond issuances and keeping liquidity in the banking system at a reasonable and ample level, the PBOC said on its website.

7,867 PPP projects registered in China