央行：11月公开市场国债买卖净投放500亿元人民币

Core Viewpoint - The People's Bank of China (PBOC) reported the liquidity injection situation for November 2025, indicating various monetary policy tools used to manage liquidity in the financial system [1][3]. Group 1: Liquidity Injection Overview - In November 2025, the net injection from the open market government bond transactions was 50 billion RMB [1][3]. - The PBOC conducted a net withdrawal of 556.2 billion RMB through 7-day reverse repos [1][3]. - A net injection of 500 billion RMB was made through other term reverse repos [1][3]. - The medium-term lending facility (MLF) saw a net injection of 100 billion RMB [1][3]. - The standing lending facility (SLF) experienced a net withdrawal of 0.3 billion RMB [1][3]. - The pledged supplementary lending (PSL) had a net injection of 25.4 billion RMB [1][3]. - Other structural monetary policy tools contributed a net injection of 115 billion RMB [1][3]. Group 2: Detailed Breakdown of Monetary Tools - The MLF had a total injection of 100 billion RMB and a total withdrawal of 90 billion RMB, resulting in a net injection of 10 billion RMB [2]. - The PSL had a total injection of 25.4 billion RMB with no withdrawals [2]. - Other structural monetary policy tools had a total injection of 61.08 billion RMB and total withdrawals of 49.58 billion RMB, leading to a net injection of 11.5 billion RMB [2]. - The 7-day reverse repo had a total injection of 48.056 billion RMB and total withdrawals of 53.618 billion RMB, resulting in a net withdrawal of 55.62 billion RMB [2]. - Other term reverse repos had a total injection of 15 billion RMB and total withdrawals of 10 billion RMB, leading to a net injection of 5 billion RMB [2]. - The open market government bond transactions had a total injection of 50 billion RMB with no withdrawals [2].