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The PBOC injected a total of CNY267.4.........>

CHINA
MNI (London)
CHINA: The PBOC injected a total of CNY267.4 billion targeted medium-term
lending facility (TMLF) Tuesday. It is the second time the PBOC has used the
tool, which was launched with the aim to reduce the financing costs of private
and small companies. TMLF offers a 15 bps lower interest rate, 3.15%, and two
years longer term of maturity in comparison to the MLF, the PBOC said. Large
commercial banks, joint-stock commercial banks and large-scale city commercial
banks that meet relevant requirements can apply for it, the PBOC said.
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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