MNI with the headlines that the PBOC will recap banks with FX reserves as well as taking a stake in the Chinese development bank
Will take stakes in CDB and EXIM. I believe one of them is in the agricultural sector.
Details coming from Caixin, citing unnamed sources
- Will inject $32bn of FX reserves into CDB
- Will pump $30bn into Exim bank
More signs of PBOC stimulus following the RRR cut over the weekend