Pboc acts to shore up liquidity

Top five Chinese lenders may get $81b infusion from central bank, say sources

The People's Bank of China, the central bank, joined its European counterpart in boosting liquidity to address weakening growth, underscoring a divergence in direction among the world's biggest economies as the US reduces stimulus.

The PBOC is injecting 500 billion yuan ($81 billion) into the nation's largest banks, according to a government official familiar with the matter, signaling the deepest concern yet with an economic slowdown.