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© Reuters. Man walks past PBOC headquarters, central bank, Beijing
BEIJING (Reuters) – China's central bank announced on Sunday that it will use various policy tools to maintain sufficient liquidity in the market and provide targeted liquidity support to small and medium-sized banks.
The People's Bank of China (PBOC) made the remarks at a meeting chaired by the Financial Stability and Development Committee of the State Council.
Participating banks, including major state-owned banks and equity lenders, reported that interbank market volatility had eased.
Chinese markets were shaken late last month after the government took control of troubled lending bank Baoshang Bank.
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