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Hong Kong shares rise as mainland buying lifts tech names

UPDATE 1-China c bank injects record 950 bln yuan of medium-term funds after bond defaults

One-year MLF rate at 2.95%, unchanged for 8 straight month Huge cash injection meant to soothe market nerve - analysts LPR expected to stay steady at Dec fixing next Mon - traders (Recasts, adds details, comments and background) SHANGHAI, Dec 15 (Reuters) - China’s central bank made its biggest ever injection of medium-term funds on Tuesday to shore up liquidity, after recent corporate bond defaults shattered investor confidence and scuppered new issuances. The People’s Bank of China (PBOC) said in a statement it had issued 950 billion yuan ($145 billion) worth of one-year medium-term lending facility (MLF) loans to financial institutions to keep the “banking system liquidity reasonably ample”.

Global investors place RMB1trln bet on China breakthrough

Global investors place RMB1trln bet on China breakthrough Business December 15, 2020 Hong Kong: Despite a global coronavirus pandemic that began in China, 2020 has transformed into the year it all came together for the country’s capital markets, as foreign investors snapped up more than Rmb1 trillion worth of stocks and bonds. China’s benchmark CSI 300 index is up about 27 per cent this year, in dollar terms, beating the S&P 500 by more than 13 percentage points. Shenzhen’s tech-focused ChiNext has risen some 59 per cent, on the same basis, exceeding even the runaway US tech benchmark, the Nasdaq Composite. Chinese government bonds have also drawn new fans with their rare source of yield.

China Injects Record 950 Billion Yuan In Medium-Term Liquidity After Bond Defaults

China Injects Record 950 Billion Yuan In Medium-Term Liquidity After Bond Defaults
zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.

La Jornada - Banco central de China inyecta récord de fondos a mediano plazo

La Jornada - Banco central de China inyecta récord de fondos a mediano plazo
jornada.com.mx - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jornada.com.mx Daily Mail and Mail on Sunday newspapers.

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