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Monday, October 08, 2012

Hong Kong, China stocks rise after PBOC injection - MarketWatch

Hong Kong, China stocks rise after PBOC injection - MarketWatch


 Hong Kong and mainland Chinese markets rallied higher early Tuesday after the People's Bank of China injected liquidity to ease tight money conditions in the banking system, with the financial sector leading the advance.
The gains came after the PBOC offered 265 billion yuan in reverse repurchase agreements in an open-market operation, in a move expected to ease tight liquidity conditions.

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