PBOC Adds Funds, Cuts a Lending Rate to Prevent IPO Cash SqueezeBloomberg News
Share sales to restart this year after being suspended in July
PBOC cuts SLF interest rates offered to small local banks
The People’s Bank of China added cash to the financial system using a short-term lending tool and cut the rate on a funding facility for smaller banks, preempting a possible liquidity squeeze as a freeze on new share sales draws to an end.
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