央行：2025年12月中期借贷便利（MLF）净投放1000亿元

Core Viewpoint - The People's Bank of China (PBOC) has released the liquidity injection data for December 2025, indicating various monetary policy tools used to manage liquidity in the financial system [1][3]. Group 1: Liquidity Injection Details - The PBOC injected 100 billion yuan through the Standing Lending Facility (SLF), with a net injection of 71 billion yuan after 29 billion yuan was withdrawn [1][3]. - A total of 4 trillion yuan was injected via the Medium-term Lending Facility (MLF), resulting in a net injection of 1 trillion yuan after 3 trillion yuan was withdrawn [1][3]. - The 7-day reverse repurchase agreements saw an injection of 35,361 billion yuan, with a net injection of 819 billion yuan after 34,542 billion yuan was withdrawn [1][3]. - The net injection from open market government bond transactions amounted to 500 billion yuan [1][3]. Group 2: Summary of Monetary Policy Tools - The table summarizes various monetary policy tools, including: - SLF: 100 billion yuan injected, 29 billion yuan withdrawn, net injection of 71 billion yuan [2][4]. - MLF: 4 trillion yuan injected, 3 trillion yuan withdrawn, net injection of 1 trillion yuan [2][4]. - Other structural monetary policy tools: 6,389 billion yuan injected, 4,795 billion yuan withdrawn, net injection of 1,594 billion yuan [2][4]. - 7-day reverse repo: 35,361 billion yuan injected, 34,542 billion yuan withdrawn, net injection of 819 billion yuan [2][4]. - Other term reverse repos: 18,000 billion yuan injected, 14,000 billion yuan withdrawn, net injection of 4,000 billion yuan [2][4]. - Open market government bond transactions: 500 billion yuan net injection [2][4]. - Central treasury cash management: 2,100 billion yuan injected, 2,000 billion yuan withdrawn, net injection of 100 billion yuan [2][4].