More on the The big China news overnight was the big liquidity add / stimulus

Via MNI (quoting Sina.com):

  • The People’s Bank of China will provide CNY500 billion in three-month funds to the “Big Four” state lenders via its Standing Lending Facility, according to Guotai Junan Securities
  • Each bank will receive CNY100 billion
  • Interbank liquidity is set to tighten up next week because of a new wave of IPOs, expected to freeze around CNY1 trillion in subscription funds
  • The week-long National Day holiday plus end-of-quarter effect is also going to make next week the hardest this month for banks to get money