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China's commercial banks to get $4.4b cash line
(China Daily)
Updated: 2008-10-28 07:00 China's central bank and Finance Ministry said Monday they would deposit 30 billion yuan ($4.4 billion) of treasury cash with commercial lenders to make more funds available for lending. The cash will be deposited with lenders for three months starting from Oct 30, according to a statement by the People's Bank of China. Bloomberg |