Here's the Reuters headline:
- TLF loans maturing on Thursday at some major Chinese banks will not be rolled over - banking sources
And here's me:
I posted this earlier in the week: More to print out & stick to the fridge - a quick guide to PBOC policy tools
In it was this on TLF loans:
Temporary Liquidity Facility (TLF)
- The newest tool
- Used just once so far (January 20 2017), when the PBOC provided 28-day funds to some major commercial lenders to help ease a cash crunch before the Lunar New Year holidays
Yeah ... its only been used once, in January to "help ease a cash crunch before the Lunar New Year holidays".
Job done.