- Bonuses and Promotions
This Tuesday the PBOC released its data about injection of liquidity in financial system for February. According to released figures, the PBOC, operating with different instruments, injected 201.02 billion yuan (around $30.85 billion). Target of these actions is to support required level of liquidity for the whole term of Lunar New Year celebration.
The PBOC injected during February finances in financial structures within MLF lending to 163 billion yuan. These funds were considered for financing of small business and support for corporate farms.
The central bank also cut requirements for half-year and annual crediting within MLF. Interest rates were lowered to 2.85% and 3.0% correspondingly. Interest rate for 3-month credits remained at 2.75%.
Volume of unpaid credit obligations within MLF reached 1.33 billion yuan.
Besides, the PBOC injected 3.42 billion yuan in system within current credit programme. Unpaid credits within this programme reached 1.34 billion yuan.
Also, the central bank gave funds to three main commercial banks by 35.6 billion yuan, according to programme of additional crediting. Target meaning of these funds is reconstruction of slums and to support care of water resources. At the moment volume of unpaid credits within this programme reached 1.26 trillion yuan.