To meet temporary liquidity demand, the.......>

CHINA: To meet temporary liquidity demand, the PBOC injected a total of CNY13.98

billion via its Standing Lending Facility (SLF) in July, including CNY680

million of overnight, CNY7.4 billion of seven-day and CNY5.9 billion of

one-month instruments, according to a statement the PBOC published on its

website on Tuesday. The PBOC also announced that the level of outstanding SLF

borrowing stood at CNY11.07 billion at the end of July, noting that the rates on

the SLF instruments work as the upper limit of the "interest rate corridor" and

help maintain the stability of the currency market. The PBOC also said it had

lent a total of CNY360 billion through one-year maturities of its Medium-term

Lending Facility (MLF) in July, with the rates unchanged. The level of

outstanding MLF lending stood at CNY4.227 trillion at the end of July, the PBOC

said. The PBOC also injected a net CNY58.3 billion in July via its Pledged

Supplement Lending (PSL) to the three Chinese policy banks -- China Development

Bank, Export-Import Bank of China and Agricultural Development Bank of China --

resulting in a total outstanding PSL level of CNY2.4694 trillion as of the end

of the month.