SHANGHAI: China’s central bank said on Thursday it was funneling 340 billion yuan ($52 billion) into the financial system, the second injection in three days to meet surging demand for funds ahead of the Lunar New Year holiday.
On Tuesday, the People’s Bank of China (PBoC) poured 440 billion yuan ($67 billion) into the system through regular open market operations, which Bloomberg News said was the biggest in three years.
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