China’s PBOC Said to Plan $32.7 Billion Bank Injection
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China’s central bank is said to plan the injection of about 200 billion yuan ($32.7 billion) into some national and regional lenders as Premier Li Keqiang steps up stimulus to support economic growth.
The People’s Bank of China is providing funds to joint-stock banks to help them prepare for year-end liquidity needs, a government official familiar with the matter said yesterday, asking not to be identified because there hasn’t been an official announcement. Joint-stock banks are mid-sized national banks with mixed ownership.