(Bloomberg) -- China’s benchmark money-market rate rose for
the fourth straight week, the longest run of gains since June
2013, as the central bank stepped up cash injections ahead of
initial public offerings and the Lunar New Year holidays.
The People’s Bank of China pumped a net 90 billion yuan ($14 billion) into the financial system this week in open-market operations, after adding a total 105 billion yuan in the previous two weeks. It boosted the supply of funds also by lowering lenders’ reserve-requirement ratios effective Thursday. Twenty-four IPOs next week will lock up 2.05 trillion yuan in orders, according to the median of estimates from nine brokerages. The New Year holidays start Feb. 18.
Read more at Click here / www.trade4x.net
The People’s Bank of China pumped a net 90 billion yuan ($14 billion) into the financial system this week in open-market operations, after adding a total 105 billion yuan in the previous two weeks. It boosted the supply of funds also by lowering lenders’ reserve-requirement ratios effective Thursday. Twenty-four IPOs next week will lock up 2.05 trillion yuan in orders, according to the median of estimates from nine brokerages. The New Year holidays start Feb. 18.
Read more at Click here / www.trade4x.net
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