China’s central bank injects net 365 bn yuan, largest weekly cash injection on record

China’s central bank will inject 180 billion yuan ($28.6 billion) into the money markets through 14- and 28-day reverse repurchase agreements on Thursday, traders said, meaning it will inject a net 365 billion yuan into the market this week, the largest weekly injection since Reuters records began in 2006. The People’s Bank of China (PBOC) injected 50 billion yuan in 14-day reverse repos and 130 billion yuan in 28-day reverse repos. The PBOC conducted a net injection of 101 billion yuan into the market last week.

via Business feed http://www.scmp.com/business/money/market-snapshot/article/1048384/china%E2%80%99s-central-bank-injects-net-365-bn-yuan-largest