China’s central bank rolls over $15.46b maturing mid-term loans: report

Fund injection is meant to keep banking system liquidity reasonably ample, PBOC said.

The People’s Bank of China (PBOC) has partially rolled over maturing medium-term loans on 15 July, the same day when a cut in bank’s reserve requirements takes effect, reports Reuters.

In an online statement, PBOC said that it is keeping the interest rate on $15.46b (CNY100b) worth of one-year medium-term lending facility (MLF) loans to some financial institutions steady at 2.95%.

The central bank said the fund injection was meant to "keep banking system liquidity reasonably ample" as many institutions still had mid- to long-term cash demand amid the tax payment season.

The fresh fund injection did not cover all the expiring MLF loans with a value of about $61.8b (CNY400b) that are due on the same day.

Read more from Reuters

(CNY1 = US$0.15)

Photo courtesy of Eric Prouzet

Follow the link s for more news on

China medium-term lending facility loans

China medium-term loans

People's Bank of China

Also Read

Tighter policies drag South Korean household loan growth in September

SME loans in Taiwan rose in August

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit