PBOC injecting through the Pledged Supplementary Lending (PSL) program, of of their many tools
- Lends 60.5bn yuan
- pbocc People's Bank of China statement on the injection says it keep banking liquidity stable
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Pledged Supplementary Lending (PSL)
- Used to fund China's three policy banks (tasked with financing government projects) for investment
- "Policy banks": Agriculture Development Bank of China, China Development Bank Corp. and the Export-Import Bank of China
To print out & stick to the fridge - a quick guide to PBOC policy tools
