People's Bank of China

The economy was facing a mismatch between strong supply and weak demand

The renminbi-liquidity facility with the HKMA will be expanded to 500 billion yuan from 200 billion yuan

The fall in buying may also be due to the central bank’s new overnight maturity for its open-market operations

The bank conducts 300 billion yuan of overnight reverse repurchase agreements in open market operations

This is a key step towards giving policymakers greater precision in steering short-term funding costs

With inflation under control, there is no doubt that the Chinese economy could use a lift

Regulators have long sought to address concerns that the country’s ratings are overly generous

The People’s Bank of China plans to inject cash into the banking system on Jun 29 and Jun 30

The steady loan prime rates signal authorities are in no rush to ease policy