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China to inject liquidity into banking system

Xinhua, January 19, 2016 Adjust font size:

China's central bank on Tuesday announced it will inject at least 600 billion yuan (91.46 billion U.S. dollars) to provide liquidity for the impending Spring Festival holiday.

The liquidity will be added through tools such as standing lending facility (SLF), medium-term lending facility (MLF) and pledged supplementary lending (PSL), the People's Bank of China said in a statement on its website.

The central bank vowed to ensure liquidity in the banking system is "reasonable and adequate" around the Spring Festival, which will fall on Feb. 8. Endi