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PBOC Injects Record Amount of Cash Into Money Market
Oct 30th 2012, 05:31

By SHEN HONG SHANGHAI—China's central bank pumped a record-high amount of cash into the financial system Tuesday in an bid to ease a liquidity crunch caused by commercial lenders' surging demand for funds to meet capital requirements. Investors were expecting a massive injection of funds after the People's Bank of China withdrew cash from the system for two consecutive weeks and as interbank borrowing costs rose as banks have looked to secure funds to boost their loan-to-deposit ratios to meet month-end capital...

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