PBOC Injects $8B into China's Banking System (FXI)
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Chinese Banks Begin Hoarding Cash Ahead of Lunar New Year Holiday (FXI)
January 21, 2015 6:59 AM ESTChina stocks are on watch Wednesday morning following amid speculation that banks have started hoarding cash in order to meet an expected spike in demand ahead of the Chinese New Year holidays.
According to market reports, the People's Bank of China is rolling over about RMB269.5 billion (about $43.4... More
