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

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.