PBOC comment on the large liquidity injection today - resolution to boost confidence

On the CNY mid rate setting post the 400bn yuan net injection was noted:

• PBOC sets USD/ CNY central rate for today at 6.9779 (vs. yesterday at 6.9249)

People's Bank of China statements now re the large adding of funds inot the market:

• liquidity injection shows resolution to boost confidence
• liquidity injection to steer interbank rates lower, to cut companies' costs and support the economy