Head
Top News
56% festive online fashion sales driven by phones: Study
56% festive online fashion sales driven by phones: Study
Japanese capital pouring into textile, garments in Vietnam
Japanese capital pouring into textile, garments in Vietnam
Vietnamese garment firms plan to boost exports to Canada
Vietnamese garment firms plan to boost exports to Canada
US retail industry jobs grew by 18,600 in Nov 2018
US retail industry jobs grew by 18,600 in Nov 2018
Digital Ink Sciences introduces new ink formulation
Digital Ink Sciences introduces new ink formulation
China's central bank unleashes 320 bln USD via new liquidity tool
2018.02.11

China's central bank has injected nearly two trillion yuan (320 billion US dollars) into the monetary market via a new liquidity support tool to meet rising cash demand ahead of the Spring Festival holiday.

The injection was made through a contingent reserve arrangement, according to the Financial News.

The People's Bank of China also unleashed around 450 billion yuan by lowering deposit reserve requirements for inclusive finance, 398 billion yuan through medium-term lending facility, and 126.3 billion yuan via pledged supplementary lending.

The bank will continue to use policy tools in a flexible manner to ensure reasonable and stable liquidity during the holiday period, according to the report.

China has decided to maintain a prudent and neutral monetary policy in 2018 as it strives to balance growth and risk prevention.

Source(s): Xinhua News Agency

Footer2017
CTEI.CN
Official website of CNTAC
Core of China National Textile & Apparel Council (CNTAC)
CTEI.CN is official website of China National Textile & Apparel Council. Commissioned by CNTAC, CNTEX is the operator of CTEI.CN.
CNTEX
Leading provider of Marketing services in Chinese Textile and Apparel Industry
Resource and Information center of Chinese Textile and Apparel Industry
Providing overall marketing plans for international enterprises entering Chinese Textile and Apparel Market.