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Liquidity
Liquidity
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An interbank liquidity crunch has made China's overextended commercial banks the first sector in the country to feel the pressure of the reform package initiated by the new leadership. Despite the unusually-high interbank lending rates over the past two weeks, China's central bank did not pump hefty amounts of money into the cash-thirsty market as expected in a bold but essential move to discipline unchecked lenders. Such financial brinkmanship spooks investor confidence, sending the benchmark stock index into a tailspin to a four-year low. The panic, if unsoothed, may worsen the already slowing world's second largest economy.
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  • (Xinhua)2017-11-17 15:35

    BEIJING - China's central bank injected a net 621 billion yuan ($93.71 billion) into the market via open market operations this week to ease the liquidity strain, the largest amount in nearly 10 months. The People's Bank of China (PBOC) conducted 30 billion yuan of reverse repos Friday, draining a n...

  • (Xinhua)2017-11-16 10:35

    BEIJING - China's central bank conducted net cash injections into the market for the fourth straight day on Thursday to ease liquidity strain. The People's Bank of China (PBOC) conducted 330 billion yuan ($50billion) of reverse repos Thursday, pumping a net 310 billion yuan into the market as 20 bil...

  • By Chen Jia(China Daily)2017-11-14 07:28

    Curbs on shadow lending crimp demand for new loans in country The nation's new loans and the broad measure of money supply or M2 fell to a record-low in October as lenders tightened mortgage lending and corporates stayed away from bank loans, amid an overall clampdown on shadow lending activities. T...

  • (Xinhua)2017-11-13 17:29

    BEIJING - China's economy continued firm growth, with GDP expanding 6.9 percent year-on-year in the first three quarters, and 6.8 percent in the third quarter, the ninth straight quarter for China to see economic expansion of at least 6.7 percent, all adding to evidence the economy is on a steady fo...

  • (Xinhua)2017-11-10 14:01

    BEIJING - China's central bank conducted net cash injections into the market Friday, the first time this month, to ease liquidity strain. The People's Bank of China (PBOC) conducted 80 billion yuan (about $12 billion) of reverse repos Friday, pumping a net 50 billion yuan into the market as 30 billi...

  • (Xinhua)2017-11-03 15:35

    BEIJING — China's central bank Friday injected fresh funds via its medium-term lending facility (MLF) to keep liquidity stable. The People's Bank of China pumped 404 billion yuan ($61.15 billion) into the financial system via MLF. The interest rate for one-year MLF loans was unchanged at 3.2 perce...

  • (Xinhua)2017-10-31 14:13

    BEIJING - China's central bank continued net cash injections into the money market Tuesday to ease liquidity strain. The People's Bank of China (PBOC) conducted 300 billion yuan ($45.2 billion) of reverse repos Tuesday, pumping a net 80 billion yuan into the market as 220 billion yuan of reverse rep...

  • (Xinhua)2017-10-20 13:50

    BEIJING - China's central bank on Friday continued cash injections into the interbank market to ensure stable liquidity. The People's Bank of China pumped 80 billion yuan ($12.1 billion) into the market through reverse repos, a process by which the central bank purchases securities from commercial b...

  • (Xinhua)2017-10-16 09:29

    BEIJING - Risks in China's banking sector continued to be dissolved in the third quarter of the year, with falling interbank business and slower growth in wealth management products (WMPs). By the end of September, interbank assets and liabilities, major indicators for shadow-banking activities, wen...

  • (Xinhua)2017-10-14 11:23

    BEIJING — Chinese banks extended a forecast-beating amount of new loans in September while broad money supply growth also accelerated, buoyed by credit demand from the real economy. New yuan-denominated lending in September hit 1.27 trillion yuan (about $192.8 billion), up from 1.09 trillion yuan ...

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