Chinese Banks Begin Hoarding Cash Ahead of Lunar New Year Holiday (FXI)
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PBOC Injects $8B into China's Banking System (FXI)
January 22, 2015 9:58 AM ESTThe People's Bank of China (PBOC) employed rarely-used tools aimed at injecting more cash into its financial system ahead of China's Lunar New Year.
The PBOC said it used reverse-repurchase agreements to inject about RMB 50 billion (about $8.05 billion) into banks, while also rolling over RMB 269.5 billion of three-month... More
