The People's Bank of China injected $17 billion in cash, through seven- and 14-day reverse repurchase agreements.
According to Arabiya Net, this liquidity is the largest in the short term since late January, and came amid concerns about the debt crisis of the Evergrande group.
It is noteworthy that, before Thursday's session, the Chinese Central Bank pumped liquidity for three consecutive sessions with the aim of calming the markets from the faltering Evergrande crisis.
The need to help calm market tensions was urgent, as concerns about Evergrande's ability to meet its commitments seeped into global markets.
The focus is on whether the developer can pay $83.5 million in interest due Thursday on a five-year dollar bond.
The bond coupon, which has a 30-day grace period before it reports a default, is part of the $669 million in bond interest due through the end of this year.
Evergrand is the world's most indebted real estate developer, with a total debt of nearly $300 billion. The company has been struggling to pay its suppliers and has warned investors it could default on its debt.
On the other hand, shares of the heavily indebted Hong Kong-listed developer jumped as much as 32% in early trading on Thursday, the biggest gain in a year. 2009, with bets that the company will avoid default after one of its units negotiated interest payments on yuan bonds.
