China’s central bank on Monday added 995 billion yuan ($138.84 billion) worth of one-year medium-term lending facility (MLF) loans to some financial institutions, but kept the policy rate unchanged. Although it was beyond market expectations, analysts said reserve requirement ratio (RRR) and interest rate cuts and other structural tools remain in the central bank’s toolkit to ensure a sustained economic recovery in 2024.
Market cheers as social security fund widens investment range
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Social security fund expansion in investment range boosts market confidence
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