News Headline Summary

People Bank of China refuses short-term liquidity operations for key banks, according to Securities Times

- Several banks applied for liquidity support from the PBOC on Tuesday via short-term liquidity operations but were refused by the central bank.

Update details:

- SLOs was announced in late January as a new tool to inject liquidity into the markets on a daily basis but have yet to be used since because of returning capital flows.

Print 00:47, 27 Feb 2013 - Asian News - Source: Securities Times