(VOVworld) – The People’s Bank of China pumped 120 billion yuan, equal to 18 billion USD, into the market on Tuesday.

China’s central bank injects 120 billion Yuan into market

According to the bank, the yield for the seven-day reverse repurchase agreement stood at 2.5 per cent. The overnight Shanghai Interbank Offered Rate (Shibor) increased to 1.75 per cent on Tuesday. Stock markets in Hong Kong and Shanghai declined. At the end of the trading session on Tuesday, the Shanghai Composite index decreased 245.51 points, while the Hang Seng index decreased 289.65 points.