Central bank injects more liquidity

Growth of broad money supply was 8.2% in August, down from July

China's central bank injected further liquidity into the financial sector on Monday, a measure to ease investors' concerns about economic downside risks in the fourth quarter due to uncertainties arising from escalating Sino-US trade tensions, and to boost investment.

A total of 265 billion yuan ($38.6 billion) of funds was released through the medium-term lending facility (MLF), said the People's Bank of China, the central bank. Financial institutions can borrow the money, using securities as collateral, at a 3.3 percent interest rate for one year.