More on the The big China news overnight was the big liquidity add / stimulus
Via MNI (quoting Sina.com):
- The People's Bank of China will provide CNY500 billion in three-month funds to the “Big Four” state lenders via its Standing Lending Facility, according to Guotai Junan Securities
- Each bank will receive CNY100 billion
- Interbank liquidity is set to tighten up next week because of a new wave of IPOs, expected to freeze around CNY1 trillion in subscription funds
- The week-long National Day holiday plus end-of-quarter effect is also going to make next week the hardest this month for banks to get money
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in