秒速飞艇分析_China steps up liquidity support for small banks

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A cashi秒速飞艇分析er at a bank in Taiyuan, Shanxi province, counts ren秒速飞艇分析minbi notes. [Photo by Zhang Yun/China News Service]

BEIJING -- China's centra秒速飞艇分析秒速飞艇分析l bank 秒速飞艇分析decided Friday to beef up liquidity support for medium and small-sized banks by increasing the re-discount and standing lending facility (SLF) quota.

The People's Bank of China arranged 150 billion yuan (about $29 billion) re-discount and 1150 billion yuan SLF quota for medium and small-sized banks to keep their liquidity sufficient, it said in a statement.

The medium and small-sized banks can apply for the liquidity support by using qualified bonds, interbank negotiable certificates of deposit and bills as collateral.

To maintain stable liquidity in the middle of the year, the central bank Friday pumped 1150 billion yuan into the financial system through the operations with 28-day reverse repos at an interest rate of 2.85 percent.