The People's Bank of China said Monday that...>

CHINA: The People's Bank of China said Monday that it had injected CNY68.85

billion in liquidity into the interbank market via its Standing Lending Facility

(SLF) in September, including CNY261 million in overnight, CNY31.31 billion in

seven-day and CNY37.27 billion in one-month instruments. The September injection

was more than double the CNY34.04 billion addition in August, and was weighted

more on the long side. In August, the PBOC injected just CNY8.53 billion worth

of one-month instruments, versus CNY28.03 billion in overnight instruments. The

level of outstanding SLF borrowing stood at CNY63.68 billion at the end of

September, compared with CNY22.02 billion in August. The PBOC also said it had

lent a total of CNY298 billion through one-year maturities of its Medium-term

Lending Facility (MLF) in September, with the rate unchanged at 3.2%. The MLF

injection in August was CNY399.5 billion. The level of outstanding MLF lending

stood at CNY4.354 trillion at the end of September, up from CNY4.339 trillion at

the end of August, the PBOC said. The PBOC also injected a net CNY32.4 billion

last month via its Pledged Supplement Lending facility to the three Chinese

policy banks, resulting in a total outstanding PSL level of CNY2.537 trillion.