Reported 4 days ago
In December, the People's Bank of China injected 1.7 trillion yuan (approximately $233 billion) into the economy and financial markets, utilizing new liquidity tools to support the banking system during the year-end period. This included 1.4 trillion yuan in reverse repurchase agreements and net purchases of 300 billion yuan in treasury bonds, marking a continued effort to manage rising cash demand and maintain ample liquidity amidst escalating trade tensions and deflationary pressures.
Source: YAHOO