Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Economy

China's central bank injects liquidity into market in September

October 09, 2022


Abstract : China's central bank in September pumped cash into the money market to meet liquidity demand from financial institutions.

File photo shows the headquarters of the People's Bank of China in Beijing, capital of China. (Xinhua/Cai Yang)

BEIJING, Oct. 8 (Xinhua) -- China's central bank in September pumped cash into the money market to meet liquidity demand from financial institutions.

A total of 400 billion yuan (about 56.34 billion U.S. dollars) was injected into the market via the medium-term lending facility (MLF) last month to maintain liquidity at a reasonably sufficient level in the banking system, according to the People's Bank of China.

The funds will mature in one year at an interest rate of 2.75 percent.

Total outstanding MLF loans hit 4.55 trillion yuan at the end of September.

The MLF tool was introduced in 2014 to help commercial and policy banks maintain liquidity by allowing them to borrow from the central bank using securities as collateral.

Another 969 million yuan was lent to financial institutions through the standing lending facility to meet provisional liquidity demand.

Scan the QR code and push it to your mobile phone

Keyword: China-Bank-Liquidity

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial