The Trader 

Market Outlook: China’s generosity knows no bounds

The Trader

In open market operations today, the Peoples Bank of China added, via seven-day repos, 250 billion yuan into the banking system. This follows Wednesday’s move when it added 350 billion yuan (also seven-day) and 150 billion 28-day money, according to Bloomberg data. In a statement they noted: "keeping reasonable and sufficient liquidity in banking system as liquidity falls relatively fast during peak season for tax payments."

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