Business
China's central bank has removed nearly $8bn (£4.7bn) from the money markets in a bid to control the amount of credit in the country's financial system. According to reports, the People's Bank of China (PBOC) did so by issuing 14-day forward bond repurchase agreements, also known as forward repos. It is the first time since June the PBOC has used forward repos, and comes after China released unusually strong economic data earlier this year.
Background:
China removes $8bn from money markets to control lending [BBC]
