China central bank says overall liquidity 'reasonable'

By -

The overall liquidity in China's financial system is at a reasonable level, the central bank said on Monday, adding that it has asked commercial banks to improve the ways they manage liquidity.

_0">

The comments from the People's Bank of China came as interest rates for short-term funds in China spiked to extraordinary levels last week after big commercial banks held back on lending in the interbank market.

Rates remained elevated on Monday, but off recent highs.

The comments were issued in a notice dated June 17 but released on Monday.

(Reporting by Koh Gui Qing; editing by Jonathan Standing)

Popular posts from this blog

Model Stella Tennant dies 'suddenly' aged 50 as her family pay tribute to 'wonderful woman and an inspiration to us all'

By -
Image
Britain's most famous aristocratic supermodel Stella Tennant has died at the age of 50, just months after splitting from her husband. Her family praised her as a 'wonderful woman and an inspiration to us all' in a statement which confirmed her 'sudden death' yesterday. In August it was revealed Mrs Tennant had separated from her husband David Lasnet after 21 years of marriage earlier this year. The couple owned a property empire that includes a luxury mews house in Edinburgh and a stately home near her father's estate. Mrs Tennant was the granddaughter of Andrew Cavendish, the 11th Duke of Devonshire and Deborah Mitford, one of the well-known aristocratic siblings.  The mother-of-four was known for her androgynous looks during her 1990s modelling heyday and soon became a muse for Karl Lagerfeld, which the fashion designer attributed to her resemblance to Coco Chanel.  Britain's most famous aristocratic supermodel Stella Tennant has died aged 50 just months a...
Read more

ALL ABOUT CAR INSURANCE:

By -
The importance of insurance comes with the motto " Protect yourself and others". It is undeniable that in the times of any unfortunate situations the stress of dealing with  emotional stress and financial issues having insurance provides the financial security to deal with the situation with peace of mind. There are a variety of insurance policies aiming to protect certain features like health, home, motor, travel, property and so on. These insurance policies help in the case of an emergency situation which can leave the person debt-ridden. Thus the importance of insurance is inevitable. Among the insurance policies, Motor Insurance which deals with the vehicles is essential to have by the vehicle owners. In many countries it is important to have basic motor insurance for the vehicles. When a car (motor) is bought, there comes the responsibility and risk about the safety of the vehicle, its owner and the other third party. Every single vehicle running on the road carries ...
Read more

Video shows cracks in Champlain Towers a YEAR before Surfside condo collapsed: Prospective buyer says she didn't buy a condo there after seeing flaws in parking garage - as death toll rises to 78

By -
Image
Footage shot by a prospective buyer showed cracks and puddles in the Surfside condo building in Miami a year before it collapsed - as the death toll rises to 78 and recovery  workers toiled for a 16th day to find victims in the rubble. The video, which was shared with DailyMail.com, was taken in the garage of the Champlain Towers South building in July last year.  Fiorella Terenzi, who had toured the complex in anticipation of buying a unit on the sixth floor, said what she saw in the garage ultimately turned her off buying in the building. Terenzi's video showed wide cracks in the ceiling of the garage that appeared to have been repaired and painted over.  It also showed what appeared to be water puddles in the ceiling.  The video was taken by prospective buyer Fiorella Terenzi in the garage of the Champlain Towers South building in Surfside in July last year Several engineers reviewed Terenzi's video and determined there were no obvious red flags that could have pointed to ...
Read more