Chinese Tidbit

From the WSJ moneybeat blog:

China’s key banking firm extended back upward on Fri to a grouping of unnamed but large banks...  the People’s Bank of China extended a longer-term but temporary liquidity facility... Details on the facility were typically vague. In recent weeks it has also injected tape amounts of cash. 

The deed gives banks about breathing room for now, but every bit interbank liquidity stresses escalate. The novel facility, analysts from ANZ say, doesn’t demand banks to postal service collateral similar other facilities typically do. And it makes it easier for them to achieve a key regulatory barometer that monitors banks’ liquidity adventure inwards cases of stress inwards the curt term. H5N1 helping mitt tin lighten about other burden–but non for long.

"Interbank liquidity stresses" too key banking firm long term "loans" without collateral are non a practiced sign. An escalating nation of war on uppercase flying is non a practiced sign either.