PBoC Injects USD 81 Billion into Major 5 Banks


China’s central bank is said to be injecting CNY 500 billion (USD 81 billion) into the banking system, aiming to support credit and growth.

People’s Bank of China appears to be lending CNY 100 billion (USD 16.2 billion) to each of the five largest banks via a three-month standing lending facility operation.

The move comes ahead of the national holidays during the first week of October, when cash demand is expected to increase. 

PBoC Injects USD 81 Billion into Major 5 Banks


Joana Taborda | joana.taborda@tradingeconomics.com
9/17/2014 4:50:11 PM