Here's the Reuters headline:

  • TLF loans maturing on Thursday at some major Chinese banks will not be rolled over - banking sources

And here's me:

I posted this earlier in the week: More to print out & stick to the fridge - a quick guide to PBOC policy tools

In it was this on TLF loans:

Temporary Liquidity Facility (TLF)

  • The newest tool
  • Used just once so far (January 20 2017), when the PBOC provided 28-day funds to some major commercial lenders to help ease a cash crunch before the Lunar New Year holidays

Yeah ... its only been used once, in January to "help ease a cash crunch before the Lunar New Year holidays".

Job done.