The stock market is experiencing low
liquidity due to the recent economic downturn.
股市因近期经济衰退而流动性较低。
High
liquidity is crucial for traders, as it allows them to quickly buy and sell assets without affecting the market price.
高流动性对交易者至关重要，因为它能让他们迅速买卖资产而不影响市场价格。
Cryptocurrency exchanges often boast high
liquidity, enabling fast transactions.
数字货币交易平台通常具有高流动性，能够实现快速交易。
The bond market's
liquidity can impact the ease with which investors can access credit.
债券市场的流动性会影响投资者获取信贷的便利程度。
During times of financial stress,
liquidity dries up as banks become more cautious with lending.
在金融危机期间，流动性会枯竭，因为银行在放贷方面变得更加谨慎。
A well-functioning stock market requires adequate
liquidity to ensure efficient price discovery.
运行良好的股市需要充足的流动性以确保价格发现的有效性。
The company is working on improving its
liquidity by raising capital through equity offerings.
该公司正在通过发行股票筹集资金来改善其流动性。
Liquidity ratios are important indicators for assessing a company's financial health.
流动性比率是评估公司财务状况的重要指标。
Inflation erodes
liquidity over time, reducing the purchasing power of cash.
通货膨胀会随着时间逐渐侵蚀流动性，降低现金的购买力。
Central banks constantly monitor and manage
liquidity in financial markets to maintain stability.
中央银行持续监控和管理金融市场流动性以维护金融稳定。
Therefore, the company's liquidity is exhausted and its asset impairment is serious, according to the letter.
因此，信中称，该公司的流动性已经耗尽，资产减值严重。
Therefore, the company's liquidity is exhausted and the asset impairment has been serious, according to the letter.
因此，信中称，该公司的流动性已经耗尽，资产减值严重。
Shenzhen Metro will take over part of Vanke's urban renewal projects in Shenzhen pursuant to market rules and legal frameworks, to better mobilize Vanke's assets and inject fresh liquidity into the company, with the transaction amount expected to top 10 billion yuan, Xin said.
辛表示，深圳地铁将根据市场规则和法律框架，接管万科在深圳的部分城市更新项目，以更好地调动万科的资产，为公司注入新的流动性，交易金额预计将超过100亿元。
Zhao Xiuchi, head of the Department of Land Resources and Real Estate Management at the Capital University of Economics and Business, said she expects China to accelerate the establishment of a virtuous cycle in the real estate sector by introducing more policies and exploring possible methods, as many Chinese property developers are facing liquidity stress due to the recent adjustments in China's property market policies.
首都经济贸易大学土地资源与房地产管理系主任赵秀池表示，她预计中国将通过出台更多政策和探索可能的方法，加快建立房地产行业的良性循环，由于最近中国房地产市场政策的调整，许多中国房地产开发商正面临流动性压力。
The company has hired China International Capital Corporation and Houlihan Lokey as financial advisors and law firm Sidley Austin as legal advisers to assist in examining its capital structure and assessing liquidity, with the target of developing an overall solution and building a long-term sustainable capital structure.
该公司聘请了中国国际金融公司和霍利汉·洛基担任财务顾问，西德利·奥斯汀律师事务所担任法律顾问，协助审查其资本结构和评估流动性，目标是制定整体解决方案，建立长期可持续的资本结构。
The major revamp of Ant includes disconnecting its payment app Alipay from sister credit products like Huabei and Jiebei, ending its monopoly on information collection, and improving management of liquidity risks of important fund products.
蚂蚁集团的重大改革包括将其支付应用支付宝与花贝和结贝等姊妹信贷产品断开连接，结束其对信息收集的垄断，以及加强对重要基金产品流动性风险的管理。
This has helped to elevate the stock's liquidity, consolidate shareholder confidence and attract more institutional investors, Cheng said.
程表示，这有助于提高该股的流动性，巩固股东信心，吸引更多机构投资者。
"If we are unable to obtain additional liquidity, the group may be at risk of discontinuing production," it said.
“如果我们无法获得额外的流动性，该集团可能面临停产的风险，”该公司表示。
Jason Yu, general manager of Kantar Worldpanel China, a research unit in Shanghai, said the injection of State-owned funds has boosted confidence among suppliers and employees as well as consumers of Carrefour China, offering more support to the retailer's liquidity.
位于上海的研究机构凯度世界面板中国区总经理Jason Yu表示，国有资金的注入增强了家乐福中国供应商、员工和消费者的信心，为家乐福的流动性提供了更多支持。
I remain confident that our clear strategy, operational resilience, healthy liquidity and continued investment in innovation will ensure we can deliver long-term sustainable growth and improved profitability," Yang said.
我仍然相信，我们明确的战略、运营弹性、健康的流动性和对创新的持续投资将确保我们能够实现长期可持续增长和提高盈利能力，”杨说。
The major revamp of Ant includes disconnecting its payment app Alipay from sister credit products like Huabei and Jiebei, ending its monopoly on information collection, improving managing liquidity risks of important fund products and reducing the balance of its money market fund Yu'ebao.
蚂蚁的重大改革包括将其支付应用支付宝与花贝和结贝等姊妹信贷产品断开连接，结束其对信息收集的垄断，改善重要基金产品的流动性风险管理，并减少其货币市场基金余额宝的余额。
The circular said the central bank will make comprehensive use of its monetary policy toolkits to maintain reasonably adequate liquidity in the banking system, and financial regulators should implement differentiated policies on the tolerance of non-performing loans for small and micro businesses.
通知称，央行将综合运用货币政策工具，保持银行体系流动性合理充裕，金融监管机构应对小微企业实施差别化的不良贷款容忍政策。
The dual-listing will also inject new liquidity into the Hong Kong bourse, enhance the pricing power of the Hong Kong stock market in the new economy sector, and further consolidate and strengthen the city's strategic position as an international financial center, Pan said.
潘表示，两地上市还将为香港交易所注入新的流动性，增强香港股市在新经济领域的定价能力，并进一步巩固和加强香港作为国际金融中心的战略地位。
After Alibaba's dual-primary listing, international investors are expected to allocate more Alibaba Hong Kong stocks, injecting new liquidity into Hong Kong stock market.
阿里巴巴双一级上市后，预计国际投资者将配置更多阿里巴巴香港股票，为香港股市注入新的流动性。
To be included in the Hong Kong stock connect programs, a company can attract A-share investors to improve stock liquidity.
加入香港股市通计划，公司可以吸引a股投资者来提高股票流动性。
The delisting "may negatively affect the price of and liquidity in (the company's) securities", Didi said.
滴滴表示，退市“可能会对（公司）证券的价格和流动性产生负面影响”。
Major revamps on Ant include disconnecting its payment app Alipay from sister credit products like Huabei and Jiebei, ending its monopoly on information collection, improving managing liquidity risks of important fund products and reducing the balance of its money market fund Yu'EBao.
蚂蚁的主要改革包括将其支付应用支付宝与花贝和结贝等姊妹信贷产品断开连接，结束其对信息收集的垄断，改善重要基金产品的流动性风险管理，并减少其货币市场基金余额宝的余额。
China Eastern Airlines plans to raise 15 billion yuan ($2.2 billion) through nonpublic issuance of shares to purchase 38 new aircraft and replenish liquidity amid the recent resurgence of local COVID-19 cases.
中国东方航空公司计划通过非公开发行股票筹集150亿元人民币（22亿美元），以购买38架新飞机，并在最近当地新冠肺炎病例再次出现的情况下补充流动性。
Later, it began facing financial difficulties due to stricter controls and liquidity concerns and started seeking buyers for its assets.
后来，由于更严格的控制和流动性问题，该公司开始面临财务困难，并开始为其资产寻找买家。
It started to face mounting debts due to stricter controls and liquidity concerns, and began seeking buyers for its assets.
由于更严格的控制和对流动性的担忧，该公司开始面临越来越多的债务，并开始为其资产寻找买家。
China Evergrande Group projected the group's revenue from contracts would extend the downward trend in September, which means the company's sales inflow would continue to deteriorate and the company's cash flow and liquidity would be under great pressure, the Hong Kong-listed company said in a filing on Tuesday morning.
中国恒大集团周二上午在一份文件中表示，预计该集团9月份的合同销售额将继续下降，这意味着该公司的销售现金流将继续恶化，公司现金流和流动性将面临巨大压力。
Megvii, whose IPOs sponsor is the CITIC Securities Co Ltd, plans to issue 253 million Chinese Depository Receipts to raise 6.02 billion yuan ($933.7million), with 2.2 billion yuan planned investment for building basic research and development center, 1.12 billon yuan for AI vision Internet of Things solution and product development and upgrade, 580 million yuan for intelligent robot development and upgrade, 856 million yuan for sensor research and design, and 1.26 billion yuan for supplementary liquidity after deducting distribution expenses, said ThePaper, citing the company's prospectus.
据《ThePaper》援引公司招股说明书报道，其IPO保荐人为中信证券股份有限公司的旷视科技计划发行2.53亿股中国存托凭证，拟募资60.2亿元人民币（约合9.337亿美元）。其中，计划投资22亿元用于建设基础研发中心，11.2亿元用于AI视觉物联网解决方案和产品开发升级，5.8亿元用于智能机器人研发升级，8.56亿元用于传感器研究设计，扣除发行费用后，剩余的12.6亿元将用于补充流动资金。
To free up liquidity, Evergrande has sold more than 10 billion yuan worth of stakes in businesses including an internet-powered streaming media company, banking, financial services, water as well as property projects, the Securities Daily reported.
据《证券日报》报道，为了释放流动性，恒大已经出售了超过100亿元人民币的股权，涉及企业包括互联网驱动的流媒体公司、银行业、金融服务、水产业以及房地产项目。为了缓解财务压力和增加现金流，恒大采取了一系列资产处置措施，其中包括上述提及的业务领域的股权出售。这一系列的资产出售行动表明，恒大正在积极寻求解决方案，以应对当前面临的资金链紧张局面。通过出售非核心资产和优化资产结构，恒大旨在增强其财务状况，确保公司的持续运营和发展。这些举措也反映了中国房地产行业在当前市场环境下所面临的挑战，以及企业为适应市场变化而采取的调整策略。
Amid concerns over a liquidity crunch, the listed companies of China Evergrande Group announced early in August that it was in discussions with potential independent investors to sell its stake in its electric car and property management units.
在人们担心出现流动性紧缩之际，中国恒大集团旗下的上市公司8月初宣布，他们正在与潜在的独立投资者进行谈判，以出售其电动汽车和物业管理部门的股份。
On Aug 10, listed companies belonging to the Evergrande group announced they were in talks with potential independent investors for stake sales relating to the electric car and property management units as concerns arose over a liquidity crunch.
8月10日，恒大集团旗下的上市公司宣布，他们正在与潜在的独立投资者就电动汽车和物业管理部门的股份出售进行谈判，因为市场对流动性紧缩的担忧加剧。
Moody's cautioned downward rating pressure could emerge if Tencent experiences a sustained erosion in its active user base that leads to lower cash flow, engages in aggressive acquisitions that strain its balance-sheet liquidity or raises its overall risk profile, adopts an aggressive dividend policy that weakens its balance-sheet liquidity or demonstrates a weaker credit profile.
穆迪警告称，如果腾讯遭遇活跃用户基础持续萎缩，导致现金流降低；或进行激进的收购活动，从而给其资产负债表流动性带来压力，或提高其整体风险状况；或采取激进的股息政策削弱其资产负债表流动性；或是展现出较弱的信用状况，都可能形成下调评级的压力。换句话说，这些因素若发生，可能会对腾讯的信用评级产生负面影响，促使穆迪考虑下调其评级。
Amid concerns over a liquidity crunch, the listed companies of China Evergrande Group made announcements earlier in August saying that the group was in discussion with potential independent investors to sell its stakes including its electric car and property management units.
8月上旬，在外界对恒大出现流动性紧缩的担忧声中，中国恒大集团旗下的上市公司发布公告称，该集团正在与潜在独立投资者商谈，出售包括电动汽车和物业管理部门在内的股权。
com received a $1.36 billion acquisition plan from State-owned investors and Alibaba Group last week in an effort to restore its liquidity.
上周，国有的投资者和阿里巴巴集团提出了13.6亿美元收购计划，以期恢复其流动性。
In the short term, the share transfer will increase the credit and efficiency of the listed company and restore its liquidity.
在短期内，股权转让将提升上市公司的信誉和运营效率，并恢复其流动性。这句话的意思是，通过转让股份，这家上市公司能够立即增强其市场信用度，提高内部运作效率，并有效改善资金流动性问题。这通常意味着公司能更快地进行资金周转，吸引更多的投资者，从而稳定或提升股价。
Suning's heavy assets in the offline retail space and its aggressive acquisitions across multiple sectors over the years have piled much pressure on its liquidity, said Yu.
苏宁在实体零售领域拥有大量资产，这些年来在多个领域的积极收购给其流动性带来了很大压力，于先生说。Mr. Yu said that Suning's heavy assets in the offline retail sector and its aggressive acquisitions across multiple fields over the years have put significant pressure on its liquidity. 也就是说，苏宁在实体零售业有大量的固定资产，并且多年来在多个领域进行了积极的收购活动，这给其资金流动性带来了很大的压力。
But, since the second half of last year, Suning has faced liquidity issues.
但是，自去年下半年以来，苏宁面临着流动性问题。自从去年下半年开始，苏宁就一直遭遇资金流动性的问题。这句话的意思是，从上一个年度的下半年起，苏宁公司就开始遇到了资金周转不灵的情况。"流动性问题"通常指的是企业短期内无法偿还债务或支付账单的情况，这可能会影响到公司的正常运营和财务健康。如果您有任何其他问题或需要更多帮助，请告诉我！
Looking ahead, an influx of secondary listings by Chinese mainland-based tech groups will inject new impetus and provide more liquidity into Hong Kong's capital market, said Wang Chikun, an independent economist.
独立经济学家王志坤表示，未来将有一波中国内地科技集团到香港进行二次上市，这将为香港资本市场注入新的活力，并提供更多的流动性。
But since the second half of last year, Suning has faced many liquidity issues.
但自去年下半年以来，苏宁面临诸多流动性问题。
Its target clients in China will be those with no short-term liquidity requirements and which at the same time hope to realize profits at least three to five years later.
"Based on the amount of funding and liquidity available being able to adapt to the new norms and also the new constraints faced by business, a lot of companies that were previously using fresh capital to expand into new markets to launch new products will need to adapt to changes in the business environment," Tang said.
SMEs, which faced increased financial liquidity risk in the short term, may have an impact on the office leasing market, said Shen Jie, senior director and head of office agency at global real estate services firm Cushman & Wakefield China.
Chen Feng, chairman of the group, said in December that this year would be a crucial period for the group to resolve its liquidity risks.
Huafa issued 1 billion yuan of ultra-short-term financing bonds, and 500 million yuan of the raised funds will be used to supplement the group's demand for liquidity funds following its donations to epidemic-hit areas and relief of rent for merchants affected by the epidemic.
A marquee name like Alibaba's could draw investors and boost trading liquidity for Hong Kong Exchanges & Clearing Ltd, which just incurred its biggest profit slump in more than three years.
Such a large offering from Alibaba could also have implications on liquidity in Hong Kong's financial system and the closely watched Hong Kong Interbank Offered Rate (HIBOR), given that investors in the Hong Kong market often borrow funds in anticipation of large share sales.
The newly revised LPR will be linked to the central bank's medium-term lending facility, which is determined by broader financial system demand for central bank liquidity.
The Hong Kong listing, allowing pensions and other investors from the mainland buy shares of the company, can diversify funding channels and boost the company's liquidity.
China's e-commerce giant Alibaba Group Holding Ltd is considering raising $20 billion via a second listing in Hong Kong to diversify its funding channels and boost liquidity, according to a Bloomberg report citing sources.
It is necessary to further cut taxes and administrative fees, maintain reasonable capital liquidity and optimize the structure of fiscal expenditure.
"In the years ahead, we hope to move much of our excess liquidity into businesses that Berkshire will permanently own.
Clear regulatory frameworks and access mechanisms drive market liquidity and demand – key components towards China being an investable bond market,” said Mary Schapiro, vice-chairman of Bloomberg, at the China Bond Market International Forum in Beijing on Thursday.
“With these two new access channels, we expect the appetite to seek yield, liquidity and alpha in China’s $12 trillion bond market to grow further,” said Schapiro.
“A competitive return on investment is one of the main drivers for foreign investors to enter China’s bond market, in addition to the increase of market transparency and improvement of liquidity,” said Li Bing, head of Bloomberg China.
The policy target is to maintain adaptive liquidity and stabilize market interest rates at a reasonable level, said the PBOC.
Ctrip, which had $9.1 billion in liquidity as of Sept 30, will tap its cash reserves if necessary, according to a Dec 3 story on jingtravel.
On Monday, the Chinese government decided to facilitate the bond issuance by private companies, with liquidity support from the central bank to professional institutions, Xinhua reported.
The proceeds raised in this round of financing will be used for expenditures, supplementary liquidity and repayment of bank loans.
Hundreds of billions of dollars of bailouts were injected into the biggest banks, and quantitative easing was introduced to enable the central bank to buy securities from the market, thus adding ample liquidity to the capital markets.
While shadow banking can provide valuable liquidity to support growth, leaving it unregulated and growing at a rapid pace invites trouble.
Apart from the growth in nonperforming loans, the gradual expansion of liquidity risk exposure at non-financial companies and defaults on private placement bonds and credit bonds will also increase the supply of problematic assets, Shi said.
Additionally, JPMorgan's markets franchise will continue to invest in systems and platforms in an effort to provide better access and liquidity to China's maturing capital markets.
BOCOM International Strategist & Head of Research Hong Hao, however, said Xiaomi's valuation may be too high for the market to absorb the mega-sized deal, especially given that the city's equity market has suffered a monthslong liquidity crunch.
It attributed its operational loss to the financial strain of related parties, liquidity issues and rising financing costs.
In addition, $320 million of the $2.7 billion will be used as a future liquidity supplement for Mobike.
Bohai Capital Holding Co Ltd, a finance leasing company and a sub-affiliate of HNA Capital, said its wholly-owned aircraft lessor Avolon Holdings Ltd has sold 41 aircraft to Sapphire Aviation Finance I Ltd, as the troubled HNA continues to sell assets to improve liquidity.
Bohai Capital said in the statement that the latest sales will help the company improve liquidity, maintain a young fleet and purchase the new generation of aircraft.
The announcement of the new route comes as the owner of Hainan Airlines, Chinese conglomerate HNA Group, looks to offload assets amid liquidity concerns.
Leshi attributed its operation loss to the financial strain of related parties, liquidity issues and rising financing costs.
Chinese mainland conglomerate HNA Group said that it is seeking buyers for its majority stake in Spain's NH Hotel Group amid liquidity concerns.
It is also a considerable option to adjust its business structure and sell some non-core assets to maintain financial liquidity," he said.
Chen Feng, co-founder and chairman of HNA Group, had earlier admitted that the company was facing liquidity problems.
The liquidity position of Dalian Wanda Commercial Property Co Ltd, the property developer owned by Chinese billionaire Wang Jianlin, has drawn market attention and raised questions about the developer's financial health after its credit ratings were cut to junk.
Global credit ratings agency Fitch Ratings downgraded Wanda Commercial by two notches to BB+, a junk rating, from BBB, citing the company's inability to access offshore funding channels to boost its offshore liquidity in a timely manner.
Fitch Ratings said the developer will see greater liquidity pressure if its offshore lenders demand early payment or it fails to raise sufficient offshore funds to repay its offshore loans due in March this year.
There had been speculation that Wanda may run into liquidity troubles after its parent Dalian Wanda Group sold most of its hotel and theme-park assets for more than $9 billion last year amid tighter government scrutiny on risky financing and overseas investment.
People close to the developer told China Daily on Wednesday that the group's fundamentals remain sound and its short-term debt payment pressure is fine although it has a tighter liquidity position.
Market concerns about Wanda's liquidity problems reflected the increasing financing difficulties for Chinese property developers as the government has sought to cool the country's overheated property market, analysts said.
BEIJING — China Vanke, the country's top property developer, said it plans to issue up to 35 billion yuan ($5.39 billion) of direct debt financing instruments to boost liquidity or finance projects such as long-lease apartments.
The proceeds raised from the issuance are expected to be used to meet the company's production and operation needs, to adjust its debt structure, and to replenish liquidity resources or investment projects such as long-lease apartments, said the statement.
"Smaller developers are likely to face liquidity pressure if inventories are not reduced enough to supplement cash flow while financing is not easy and getting more expensive," said a research note from Zhongtai Securities.
China's total social financing, a broad measure of credit and liquidity in the economy, rose to 1.82 trillion yuan in September from 1.48 trillion yuan in August.
Liquidity management by the People's Bank of China will be the key to prevent problems.
A tightening of liquidity also helped the yuan reverse last year's depreciation.
China Investment Corp. [Photo by Wu Changqing/For China Daily]China Investment Corporation, the world's second-largest sovereign wealth fund, is ready to target more overseas alternative assets and direct investment in the next decade, as its strategy shifts amid tightening global liquidity.
That will drive down asset prices when liquidity is being squeezed," said Guo.
The US central bank announced on Wednesday that it will reduce its holdings of treasury and agency securities starting from next month, which is seen as a turning point in the global liquidity environment and it will have a long-term impact on major economies' interest rates and asset prices.
"The conglomerate took a hit from a sell-off last month, which may make it dispose of some of its non-core assets to address the liquidity concern. "
There are "strong reasons" to invest in the A-share market this year, including the market's low sensitivity to geopolitical tensions and global liquidity, supportive government policies and this year's growth target, said Lau.
Lu Ting, chief China economist at Nomura, said the People's Bank of China, the country's central bank, is highly likely to cut benchmark lending rates on Monday, when the PBOC injects liquidity via the medium-term lending facility.
In terms of monetary policy, it is anticipated that there is still ample room for reducing the reserve requirement ratio this year, enabling the release of more liquidity to support economic growth.
A variety of monetary policy tools will be used to maintain reasonable and sufficient liquidity, and keep the scale of social financing and money supply in line with expected targets for economic growth and price levels, the PBOC said in a statement.
China's efforts to realize more trade settlements in RMB, geopolitical concerns, bilateral currency swaps between the People's Bank of China and more than 30 central banks, and the increasing number of RMB clearing centers offering more RMB liquidity offshore, have all contributed to the wider use of the Chinese currency in the international market.
Efforts will be made to maintain reasonable and sufficient liquidity, and keep the scale of social financing and money supply on a par with expected targets for economic growth and price levels, it said.
Experts from China International Capital Corporation Limited said the contracting demand and tightening liquidity, both of which are taking place worldwide, will continue to weigh on commodity prices in 2024.
Liquidity risks in the real estate sector remain a concern, and there is a need to address structural issues in local government debt.
On top of exercising prudent monetary policy alongside accommodative fiscal measures, providing ample liquidity to businesses and reducing their costs, and efforts to maintain policy continuity are crucial for delivering a stable investment environment to enterprises and boosting their willingness to boost production, Cai said.
Li Chang'an, a professor at the Academy of China Open Economy Studies, which is part of the University of International Business and Economics in Beijing, said that liquidity stress has become a severe challenge for many private enterprises, as difficulties and costs in obtaining loans and issuing bonds have aggravated over the past three years.
Tang also cautioned that while policymakers are striving to ensure that real estate companies receive reasonable financing, pledged supplementary lending should still not directly infuse liquidity into stressed real estate companies.
On the monetary front, Zhang Ming, deputy director of the Institute of Finance & Banking at the Chinese Academy of Social Sciences, said special purpose vehicle, a monetary policy tool, may be launched to provide local government financing vehicles facing default risks with short-term, secured loans while they look for longer-term financing, helping them sail through liquidity stress.
PBOC Governor Pan Gongsheng said at a forum last week that the central bank will utilize various tools to maintain reasonably ample liquidity and reduce the financing costs facing the real economy, while maintaining overall stability of such financing costs.
Specifically, the central bank will provide regions facing relatively heavy debt burdens with emergency liquidity support when necessary, Pan said at a forum on Wednesday, which experts said will likely come in the form of a special purpose vehicle, or SPV, a monetary policy tool.
具体来说，潘在周三的一个论坛上表示，央行将在必要时向面临相对沉重债务负担的地区提供紧急流动性支持，专家认为这很可能将以专项工具（Special Purpose Vehicle，简称SPV）的形式出现，这是一种货币政策工具。
Yang said the SPV is most likely to provide low-cost funding, in the form of relending, for commercial banks which engage in mitigating the liquidity strain of local government financing vehicles, or LGFVs, by extending loan maturity, providing refinancing, swapping high-cost debt with low-cost loans and other measures.
杨表示，SPV最有可能以再贷款的形式为商业银行提供低成本资金，这些商业银行通过延长贷款期限、提供再融资、置换高成本债务为低成本贷款等方式，来缓解地方政府融资平台（LGFVs）的流动性压力。
Analysts at China Securities estimates that the SPV may inject 480 billion yuan ($65.8 billion) in liquidity at most — equivalent to cutting the reserve requirement ratio by 0.25 percentage points — and aid the risk mitigation of debt worth 1.2 trillion yuan.
中国证券分析师估计，SPV最多可能注入4800亿元人民币（约合658亿美元）的流动性，相当于降低存款准备金率0.25个百分点，并助力化解1.2万亿元人民币的债务风险。
Apart from such targeted support, experts said the PBOC is expected to maintain an ample liquidity level and a low-interest rate environment in general to ensure monetary conditions favorable for debt risk resolution.
除了这种有针对性的支持措施外，专家表示，预计中国人民银行将维持充足的流动性水平和整体低利率环境，以确保有利于化解债务风险的货币政策条件。
Efforts will be made to widen the access to China's financial markets further and improve the liquidity condition of renminbi financial assets, the PBOC said in an article on Thursday.
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