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PBOC Pumps 265 Billion Yuan into Banking System

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The People’s Bank of China (PBOC) pumped 265 billion yuan (US$ 42.14 billion) into the country’s banking system to jolt their economy. The PBOC is attempting to lower money market rates. This is the second monetary injection in two weeks. In addition, this is the second largest liquidity injection of its nature in China. Over the past seven years, the size of emerging Asian central bank balance sheets is at historically high levels. A fast rate of increase in central bank balance sheet growth can lead to higher inflation.

Mechanics
The People’s Bank of China utilized reverse repurchase agreements to pump 265 billion yuan into money markets. These reverse repurchase agreements are essentially short-term loans to financial institutions.

Total Monetary LiabilitiesIn Hundreds of Millions Chinese Yuan
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Source: People’s Bank of China

Blackstone Defeated on Investa Office Fund Bid

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The Blackstone Group threw in the towel on a bid to take over the Investa Office Fund, a vehicle that owns prized Australian office properties. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Temasek’s Bond Expected to Lure Retail Investors

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Singapore’s Temasek Holdings, through its subsidiary Temasek Financial (IV) Private Limited, is planning a 5-year bond that aims to yield 2.7% for retail investors. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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QIA Becomes the Largest Shareholder in Colonial

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The Qatar Investment Authority (QIA) became the biggest shareholder of Inmobiliaria Colonial, SOCIMI, S.A. (Colonial), a Spanish listed real estate company. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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