China to inject over 1 trillion yuan into money market: Report

SHANGHAI: China is likely to inject more than 1 trillion yuan ($158 billion) into the money market in the next two months via annual subsidies from the Ministry of Finance, the official China Securities Journal on Monday quoted a research report as saying. The injection will help improve liquidity, which has been impacted by the government's tight monetary policy in place since October last year, the newspaper quoted the report by China International Capital Corp (CICC) as saying. The finance ministry typically offers subsidies to various industries and sectors in the last two months of each year as part of distribution of the government's annual tax income.