Central bank injects more liquidity into market
Another 200bn yuan pumped into financial system via MLF
(ATF) China's central bank pumped more cash into the financial system through open market operations on Monday.
A total of 200 billion yuan ($28bn) was injected into the market via medium-term lending facility (MLF), according to the People's Bank of China, the central bank.
The funds will mature in one year at an interest rate of 2.95%.
The MLF tool was introduced in 2014 to help commercial and policy banks maintain liquidity by allowing them to borrow from the central bank using securities as collateral.