China injects $81bn into banks
China's central bank
Beijing - SPA
China's central bank is injecting 500 billion yuan (81 billion dollars) into the nation's five major state-run commercial banks to bolster economic growth, dpa cited reports as saying
Wednesday.
The People's Bank of China will release 100 billion yuan to each bank to boost liquidity, the sina.com said.
The central bank began releasing the funds on Tuesday under its standing lending facility, a liquidity support tool, for a three-month period, it said.
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