30-07-2013, 04:51 PM
China central bank injects funds, eases fears of repeat cash crunch
SHANGHAI – China’s central bank injected funds into money markets via open market operations on Tuesday for the first time since February, easing fears of another cash crunch ahead of the month end after a severe cash squeeze in June caused market panic.
Market participants and investors in adjacent markets have been keeping a close eye on China’s interbank money market after the central bank allowed a credit crunch to occur in late June as a warning against risky lending practices.
http://www.todayonline.com/business/chin...ash-crunch
SHANGHAI – China’s central bank injected funds into money markets via open market operations on Tuesday for the first time since February, easing fears of another cash crunch ahead of the month end after a severe cash squeeze in June caused market panic.
Market participants and investors in adjacent markets have been keeping a close eye on China’s interbank money market after the central bank allowed a credit crunch to occur in late June as a warning against risky lending practices.
http://www.todayonline.com/business/chin...ash-crunch