China's central bank said it will inject 1.2 trillion yuan ($173.8 billion)...
FILE PHOTO: A man walks past the headquarters of the People's Bank of China , the central bank, in Beijing, China September 28, 2018. REUTERS/Jason Lee
BEIJING/SHANGHAI - China’s central bank said it will inject 1.2 trillion yuan worth of liquidity into the markets via reverse repo operations on Monday, as the country battles a new coronavirus outbreak. The People’s Bank of China made the announcement in a statement published on its website on Sunday. It also said that the total liquidity in the banking system will be 900 billion yuan higher than the same period in 2019.Our Standards:
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