China PBOC Injects Cash Into Banks To Ease Credit Squeeze Ahead Of Lunar New Year Holiday

Following three cash crunches that struck China's market last year, the country's central bank is now taking the unusual step to strengthen its communication on interbank liquidity management. "Better management of market expectations will become ever more important, as China's financial system is set to go through significant changes ahead," said Societe Generale's Wei Yao in a note.