CHARTS_CCI_SYSTEM

[dindindon]

Shanghai composite index loss -104.65, close at 3320.68

all the way back to breakout point 3324

China market seems not happy about its central bank's MLF/SLO operation

BEIJING (MNI) - The People's Bank of China announced Wednesday it had injected CNY105.5 billion into 11 banks via its Medium-term Lending Facility.
WEDNESDAY, OCTOBER 21, 2015 - 05:50

https://www.marketnews.com/content/china-pboc-injects-cny1055-bln-complicates-rrr-cut-outlook

BEIJING (MNI) - The People's Bank of China announced Wednesday it had injected CNY105.5 billion into 11 banks via its Medium-term Lending Facility.

The Chinese central bank said the interest rate of the six-month MLF remained unchanged at 3.35%.

The PBOC is widely expected to inject fresh liquidity into the banking system to compensate for capital outflows. A cut in banks' deposit reserve ratio is forecast to come as early as this weekend.

PBOC data showed that Chinese banks, including the PBOC itself, sold a net CNY761.3 billion worth of foreign currency in September, a record amount. Foreign currency sales are used as gauge to measure capital outflows.

Traders warned that Wednesday's injection via the MLF could complicate outlook for cut in banks' deposit reserve.