China's central bank injects liquidity through multiple tools in November

BEIJING, Dec. 2 -- The People's Bank of China (PBOC), the country's central bank, injected liquidity into the market using multiple tools in November, it said in a statement on Tuesday.

The PBOC injected 1 trillion yuan (about 141.2 billion U.S. dollars) through its medium-term lending facility (MLF) over the last month and withdrew 900 billion yuan, resulting in a net injection of 100 billion yuan, the bank said.

In addition to the MLF operations, it also reported that its open market trading of treasury bonds had yielded a net injection of 50 billion yuan, and that central treasury cash management operations contributed a net injection of 80 billion yuan.

Through seven-day reverse repo operations, the central bank injected 4.8 trillion yuan through these agreements but withdrew 5.36 trillion yuan, resulting in a net withdrawal of about 556 billion yuan.

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