⚡️🚨🇨🇳 NEW - China has just injected 1,000 billion yuan ($139 billion) of liquidity via a reverse repo.

This is a form of discreet quantitative easing, designed to support local authorities, real estate, industry ... without frontally declaring that they're firing up the money printing press. 💸

Beijing's aim is also to send a signal of stability, showing the markets that they're in charge.

Globally, this is a good thing for "risk-on" assets, like equities and cryptos!

It's also bullish for safe-haven assets over the long term, as the weakening of fiat currencies encourages savings in other forms.