from Central Bank of China another injection of liquidity arrives to support the country's banking system. This time the intervention by the People's bank of China, which arrived overnight, is worth 150 billion yuan, equal to about 23,4 billion dollars. The transfer of funds was carried out through a reverse repo transaction (ie an agreement to purchase securities and then revise them at a higher price on a certain date).
In recent days the Central Bank had already launched expansionary measures, such as the cut in interest rates.
As for Chinese bags, which after Black Monday no longer closed above parity, today they finally manage to complete the rebound attempt. The price list of Shanghai closed trading with an increase of 5,34% (but since last Thursday it has lost 20%), while that of Shenzhen it gained 3,58 percent.
It also had a positive effect on Chinese stock prices the bubbly performance of Wall Street, up sharply after the governor of the Federal Reserve of New York hinted that the US central institution will postpone the increase in interest rates on the dollar.
