China's central bank will likely replenish liquidity shortfalls ahead of the Lunar New Year holiday, state-owned China Securities Journal said Wednesday.
The People's Bank of China normally maintains ample liquidity at the beginning of the year, the newspaper said. However, liquidity in January this year will be affected by various factors, especially the Lunar New Year holiday that falls earlier in February, it reported.
Many financial institutions are certain the central bank will maintain reasonably ample liquidity and expect the PBOC to "increase the intensity of open market operations starting from the second half of the month," according to the China Securities Journal.
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(END) Dow Jones Newswires
01-05-22 0148ET
