China's central bank said on Tuesday that it will inject over 600 billion yuan ($91.22 billion) to help ease a liquidity squeeze expected before the Lunar New Year in early February.
The People's Bank of China will inject the funds via its policy tools of the standing lending facility (SLF), medium-term lending facility (MLF) and pledged supplementary lending (PSL), it said in a statement on its website.
http://m.economictimes.com/news/international/business/chinas-central-bank-to-inject-600-billion-yuan-to-ease-liquidity-strains/articleshow/50640163.cms
So this is like Chinese QE?
Time to buy Chinese stocks?
This doesn't seem like very much.
Is this part of a continuous plan by them?
>>1049055
M2 in China is 139 trillion yuan. It represents less than a half a percent increase in the money supply.