The People’s Bank of China (PBoC), the Chinese central bank, will reportedly inject 200 billion yuan ($32.7 Billion) into as many as 20 mid-sized regional and local banks with mixed ownership, so called joint-stock lenders. The funds are meant to support liquidity needs, as the country's administration extends stimulus to support slowing economic growth. Funds should come in the form of three-month loans from the central bank. According to the Wall Street Journal, PBoC has already invited 20 banks, mainly joint-stock lenders, to submit applications. Zhou Xiaochuan, Governor of PBoC, said this month that the central ... (full story)