Central bank takes move to ease liquidity

257.5-billion-yuan targeted lending aims to bolster private and small businesses

China's central bank injected 257.5 billion yuan ($37.8 billion) of funds into the market on Wednesday, in a move to bolster the private sector and small businesses.

The People's Bank of China injected the liquidity via the targeted medium-term lending facility, or TMLF, an open market operation instrument it created in December to accurately ease financing woes faced by private and small enterprises.