China money rates fall on cash injections, support pledges

China’s money market rates fell
this week as the central bank conducted its largest weekly
liquidity injection in three months ahead of a cash squeeze from
tax payments and as regulators supported lending to private
firms amid plunging stock markets.
The volume-weighted average rate of the benchmark seven-day
repo traded in the interbank market, considered
the best indicator of general liquidity in China, was 2.5850
percent on Friday afternoon.
That was 2