China Taps Another Tool to Drain Excess Liquidity From Market

China’s central bank is taking a further step to rein in a liquidity glut in its financial system by reducing the amount of medium-term funds it lends out to banks.

By Charlie Zhu, Wenjin Lv · Bloomberg Markets

China’s central bank is taking a further step to rein in a liquidity glut in its financial system by reducing the amount of medium-term funds it lends out to banks.