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 · 2026-04-06T06:26:04+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

2026-04-06 06:26:04

Abstract generation in progress

The liquidity injection and withdrawal status of various instruments in March, announced by the People’s Bank of China on April 2, shows that during the month, there was a net injection of 50 billion yuan from net open-market government bond purchases and sales, and a net injection of 100 billion yuan from central treasury cash management.

The injection and withdrawal status also shows that in March, the Medium-Term Lending Facility (MLF) had an injection of 500 billion yuan, withdrew 450 billion yuan, resulting in 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 instruments had a net injection of 172.8 billion yuan.

In addition, in March, there was a net withdrawal of 890.3 billion yuan from 7-day reverse repos, and a net withdrawal of 3000 billion yuan from reverse repos of other tenors. (Reporter Wu Yu)

(Editor: Wen Jing)

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                                                            Liquidity

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