PBOC Injects 50 Billion Yuan in November to Steady Year-End Liquidity

China’s central bank injected a net 50 billion yuan ($7.07 billion) into the financial system in November through government bond purchases, as it continues efforts to manage liquidity amid year-end funding pressures.

According to a Tuesday statement from the People’s Bank of China (PBOC), the central bank bought 50 billion yuan of government bonds on the open market with no offsetting sales, resulting in a net injection of 50 billion yuan. The move follows a 200-billion-yuan injection in October, when the PBOC resumed bond purchases after a nine-month pause.