PBoC drains liquidity as government bond prices rise
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After months of pumping liquidity into the financial system, the central bank (PBoC) is starting to shift gear.
The details: On Friday, the PBoC drained a net RMB 94 billion of liquidity using the medium-term lending facility (MLF).
The PBoC lent out RMB 387 billion of one-year MLF funds, but RMB 4...