China Is Pumping Cash To Fill A $456 Billion Liquidity Shortfall

By Tian Chen, Bloomberg Markets Live reporter and strategist

The People’s Bank of China is boosting the supply of money available to banks to ensure they can meet the surge in demand for cash during the Lunar New Year holidays.

The central bank injected a total of 600 billion yuan ($86.4 billion) via a 14-day repurchase agreements late last week