The central bank injected a net 10 billion yuan through government bond purchases and sales in the open market in June.

Jinse Finance reported that on July 2, the People’s Bank of China released details on liquidity injections via various tools for June 2026. In terms of central bank lending, the Standing Lending Facility (SLF) had a net injection of 0 yuan; the Medium-term Lending Facility (MLF) had a net injection of 200 billion yuan; and the Pledged Supplementary Lending (PSL) had a net withdrawal of 50 billion yuan. In terms of open market operations, the 7-day reverse repo had a net injection of 582.6 billion yuan; and net injections from open market operations involving purchases and sales of government bonds were 50 billion yuan. For central government treasury cash management, there was a net injection of 0 yuan.
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