The People's Bank of China announced it injected 1.7 trillion yuan ($233 billion) in December to enhance liquidity in the economy and financial markets as 2024 comes to a close.
The interventions included reverse repo operations worth 1.4 trillion yuan, along with the purchase of government bonds totaling 300 billion yuan. These actions are part of an expansive policy aimed at addressing global trade tensions and ensuring financial system stability.
This move follows injections of 800 billion yuan and 500 billion yuan in the previous two months, using new tools introduced by Beijing to bolster liquidity.
These actions reflect China's commitment to maintaining abundant liquidity to support the economy, with analysts expecting the central bank to continue intensifying its purchasing and investment operations to support the banking system and tackle global and domestic economic challenges.
