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The net figure matters. Bloomberg: "The central bank said Sunday it will use reverse repurchase agreements to supply 1.2 trillion yuan of liquidity on Monday,
by testfoobar 7y ago
The net figure matters.
Bloomberg: "The central bank said Sunday it will use reverse repurchase agreements to supply 1.2 trillion yuan of liquidity on Monday, with the figure coming to 150 billion yuan ($21.7 billion) on a net basis, according to Bloomberg calculations."
https://www.bloomberg.com/news/articles/2020-02-02/china-s-22-billion-injection-may-help-ease-global-market-rout?srnd=premium https://www.bloomberg.com/news/articles/2020-02-02/china-s-2...
- fspeech 7y agoOne needs to look at this on a seasonal basis. Typically they inject a large amount of cash before the Chinese new year and start draining it afterwards. So the effect is larger than the net amount though maybe less than the gross number.
- bookAlot 7y agoIt'a prep for robberies and a lot investment properties that will "liquify" an investors ability to create loans. I'll just use my Visa and American Express there.