It is official: the Chinese central bank does not want to trigger its own credit crisis.
After two weeks of starving the financial system of cash and telling banks to clean up their own mess, the People’s Bank of China struck a much more emollient tone yesterday.
In a volte-face that bore more than a passing resemblance to Mario Draghi’s “unlimited” bond-buying pledge last year at the European Central Bank, the Chinese central bank promised to provide liquidity support to any financial institution strapped for cash. What is more, without naming any names, the central bank said it had already provided such support.
您已阅读15%（619字），剩余85%（3486字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。