Commie USD hacker zombies still "pumping!" this week; both Monday and Tuesday, net additional 200B CNY non-risk Reserve Assets added to bank assets this week (so far...):
#PBOC injects net 80 bn yuan via open market operation— YUAN TALKS (@YuanTalks) June 18, 2019
#PBOC injects net 120 bn yuan via open market operation on Monday (injects 150 bn yuan 14-day reverse repo and 30 bn yuan reverse repo matures)— YUAN TALKS (@YuanTalks) June 17, 2019
Non-bank lenders starting to lose access to bank credit as a result:
China’s securities watchdog has told several large non-bank financial institutions to lend in the interbank market to smaller non-bank firms to help ease any cash shortfalls after Baoshang woes. https://t.co/rH6GjihY5Q
— Leng Cheng (@chenglengrt) June 17, 2019
Not looking good...
