The People's Bank of China (PBOC), the central bank, said in a statement that it injected 410 billion yuan into the market on Tuesday through medium-term lending facility (MLF).
A total of 22 financial institutions received the money from the central bank, including 328 billion yuan for three months at the interest rate reduced to 2.75 percent and 82 billion yuan for one year at the interest rate reduced to 3.25 percent.
The central bank took the move to strengthen its support for key sectors and weak points in national economy.
Latest comments