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At least one China state lender provided liquidity to fund houses on Wed - sources
December 21, 2016 / 6:15 AM / a year ago

At least one China state lender provided liquidity to fund houses on Wed - sources

SHANGHAI, Dec 21 (Reuters) - At least one Chinese state lender provided liquidity support worth over several billion yuan to fund management firms via bond repurchase agreements on Wednesday, two sources with knowledge of the matter told Reuters.

The move is an indication that it was getting easier for non-financial institutions to obtain liquidity in the market.

$1 = 6.9507 Chinese yuan Reporting by Shanghai Newsroom; Editing by Jacqueline Wong

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