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China's biggest money fund bracing for more liquidity shocks

The People's Bank Of China has been driving up the cost of money in China since August, when it started injecting longer-term funds into the financial system that carry a higher interest rate.


CHINA will face more frequent liquidity shocks this year, according to the manager of the nation's biggest money-market fund, which plans to hold extra cash to protect against the risk of rising redemptions.

The government's efforts to curb risk in the financial system and...

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