Central Bank Pumps More Money into Market
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China's central bank continues to pump money into the market ahead of the upcoming Spring Festival.

The People's Bank of China has conducted a 100 billion yuan reverse repo.

It includes a 14-day reverse repo priced to yield at 2.4 percent, as well as a 28-day repo with a yield of 2.6 percent.

The PBOC already dumped some 690 billion yuan into the system last week.

The central bank also used other financial tools to inject over 1.5 trillion yuan into the market last month.

The cash injection eases a liquidity strain which usually takes place before the Lunar New Year, which starts this coming Monday.

Author： 　　　Source：CRI　　　 Editor：Yang Fan