China’s central bank had injected its highest weekly cash support since October after offering additional short-term funds through open market operations on Friday.
The People’s Bank of China (PBOC) said in a statement that it tendered 100 billion yuan ($15.7 billion) in seven-day reverse repo operations to the banking system to “maintain stable year-end liquidity”.
The PBOC had injected a net of 600 billion yuan for the week, which is its biggest liquidity support since October.
Beijing has been boosting liquidity support since November in a bid to stimulate growth amid concerns over cash tightness due to a slowdown in the property sector and rising energy costs.
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