PBOC injects funds through MLF

You heard it here first ladies and gentlemen:

• PBOC sets USD/ CNY reference rate for today at 6.8750 (vs. yesterday at 6.8769)

People's Bank of China injects 286bn yuan (renewing a 286 bn yuan 1yer MLF maturing today)

• 1 year medium term lending facility
• rate unchanged from previous 9ie at 3.3%

We have some data coming from China at 0200GMT

• China data for retail sales, industrial production (and more) due today

Maybe the PBOC action can give a bit of support to the stock market there. But with the falls being widespread (not just China) maybe not.