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China's central bank said on Tuesday that.....>

CHINA
CHINA: China's central bank said on Tuesday that its huge liquidity injections
through open market operations this week showed its determination to stabilise
financial market expectations and restore market confidence. The remarks were
published on the official WeChat account of the People's Bank of China (PBOC)
after it injected a total of 1.7 trillion yuan ($242.74 billion) via reverse
repos on Monday and Tuesday. China's equity and commodities markets plunged on
Monday on fears about a spreading virus outbreak, wiping out $393 billion in
stock market capitalization, but were not as volatile on Tuesday. The central
bank said the larger-than-expected liquidity injection should push money market
and bond yields down, and reduce financing costs and ease financial pressure on
small, micro businesses. (RTRS)
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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