China's Money-Market Operations Inject Most Cash in Seven Weeks

Updated on
  • Convertible bond sale, quarter-end spur demand for cash
  • PBOC will step up injections if needed next week: analyst

China’s central bank added the most money to the financial system through open-market operations this week since before last month’s Lunar New Year holiday as a convertible bond sale and lenders’ quarter-end deposit needs spurred demand for funds.

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