09/02/17

China Drains CNY715 Billion In Liquidity After Fifth Day Without Reverse Repo [feedly]



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China Drains CNY715 Billion In Liquidity After Fifth Day Without Reverse Repo
// Zero Hedge

What a difference three weeks makes. On January 18, heading into the Lunar New Year holidays, we reported that the PBOC had injected a record 1.04 trillion yuan into the liquidity-starved banking system in an attempt to avoid a liquidity crunch as telegraphed just days prior by dramatic surge in short-term repo rates.

Since then, however, between the end of the holidays, and the stated Chinese intention to tighten the ...

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