The people Bank of China (PBoC) injected CNY 50 billion into the banking system via reverse repos at an interest rate of 2.2 percent on July 13th. It is the first injection in July, aiming to ensure banking liquidity is at a reasonable and sufficient level. Investors expect the central bank to keep its policy easing stance and continue to support credit to economy. In the first half of the year, Chinese banks loaned a record high of CNY 12.09 trillion.                                   According to CNBC, Guo Kai, deputy director of the monetary policy department of the People’s Bank of China, told reporters on Friday that the central bank isn't planning much more stimulus.

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