PBOC injects net CNY 150 bn via OMOs this week

For the week, the Chinese central bank (PBOC) injected a net of CNY 150bn via Open Market Operations (OMOs) versus net CNY 810bn injection seen in the previous week.

Meanwhile, PBOC set the Yuan reference rate at 6.5810 versus 6.6021 previous.

Japan’s Aso: Supplementary budget will invest in infrastructure

Japanese Finance Minister Taro Aso was on the wires earlier today, via Reuters, noting that the supplementary budget will invest in infrastructure. H
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Fitch: Rating outlook for Chinese banks remains stable

The US-based ratings agency, Fitch ratings, is out with its latest review on the Chinese banking system, with the key points (via Reuters) found below
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