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PBOC injects cheap funds using long-term lending tool

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Policymakers are relying on reductions in borrowing costs to stimulate investment and demand for homes.

Hong Kong

CHINA is pressing ahead with its own version of Operation Twist as a surge in municipal debt issuance swamps the bond market, driving up long-term yields.

The People's Bank of China (PBOC) added cheap funds to the banking system recently using a long-term lending tool,

sentifi.com

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