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Trading news
4 Feb 2020
PBOC injects CNY 380 billion via seven-day Reverse Repos
People's Bank of China (PBOC) injects CNY 380 billion via seven-day Reverse Repos (RRs) on Tuesday.
The Chinese central bank injected an additional CNY 120 billion vis 14-day RRs, Reuters quoted some traders.
This comes amid increased efforts by the Chinese authorities to stabilize the markets, with the coronavirus rising threats negatively affecting the country’s stock markets.
The Chinese stocks opened lower but quickly recovered ground, now witnessing a relief rally after Monday’s 8% slide.
- China's Foreign Ministry: Hope US provides aid it has promised coronavirus outbreak soon