The People's Bank of China announced a net injection of 50 billion yuan through government bond purchases and sales in the open market in March.

LightningPacketLoss · 2026-04-04T03:16:40+00:00

The People's Bank of China announced the liquidity injection situation for March, with a net market debt issuance of 50 billion yuan, a net MLF injection of 50 billion yuan, a net SLF injection of 8 billion yuan, and a net withdrawal of 890.3 billion yuan through 7-day reverse repos. Overall liquidity remains stable.

LightningPacketLoss

2026-04-04 03:16:40

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The People’s Bank of China’s April 2 release on March’s various monetary policy tool liquidity injections shows that, during the month, open-market operations for government bond purchases and sales resulted in a net injection of 50 billion yuan, while the central government’s treasury cash management resulted in a net injection of 100 billion yuan.

The release also shows that in March, the Medium-Term Lending Facility (MLF) injected 500 billion yuan, withdrew 450 billion yuan, and achieved a net injection of 50 billion yuan; the Standing Lending Facility (SLF) had a net injection of 800 million yuan; and other structural monetary policy tools had a net injection of 172.8 billion yuan.

In addition, in March, 7-day reverse repos resulted in a net withdrawal of 890.3 billion yuan, while reverse repos of other terms resulted in a net withdrawal of 300 billion yuan. (Reporter Wu Yu)

(Editor: Wen Jing)

Key words:

                                                            Liquidity

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