介绍:
China's central bank has injected some 1 trillion yuan to the market through various financial tools this week.
The move aims to ease the cash squeeze ahead of the upcoming Chinese New Year holiday.
The PBOC said it conducted 110 billion yuan or 17 billion U.S. dollars of seven-day reverse-repurchase agreements and 290 billion yuan of 28-day contracts.
The move followed reverse repo operations worth 155 billion yuan on Tuesday.
The PBOC also conducted short-term liquidity operations on Monday and Wednesday, pumping 205 billion yuan into the money market.
This week also saw the central bank injecting 205 billion yuan into the money market through short-term liquidity loans.
It also injected some 410 billion yuan into the banking system via the Medium-Term Lending Facility.
The Chinese New Year holiday will shut China's financial markets for seven days starting from February 8.
But analysts suspect that the amount of cash injection is still not enough to meet demand, amid the growing capital outflow.
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