Beijing, 24 July 2026 – The People’s Bank of China has delivered its largest net medium-term liquidity injection in five months, reinforcing an accommodative monetary stance as policymakers seek to support bank lending and stabilise economic growth amid weak domestic demand.

The central bank conducted 500 billion yuan in one-year medium-term lending facility operations. With 400 billion yuan of existing funds maturing during the month, the operation resulted in a net liquidity injection of 100 billion yuan, equivalent to approximately US$14.7 billion. People’s Daily Online

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Rebecca Hsu
Rebecca Hsu is a Senior Economist and Lead Analyst for The Ledger Asia, focusing on the rapidly evolving financial landscapes of East and Southeast Asia. With a background in sovereign risk assessment and emerging market trends, Rebecca provides sharp commentary on trade dynamics, monetary policy, and the digital economy's impact on regional growth.
Formerly a strategic advisor for major financial institutions in Hong Kong, she excels at translating complex macroeconomic shifts into actionable insights for investors and policymakers. Her work at The Ledger Asia centers on China’s economic transition and the burgeoning manufacturing hubs of ASEAN, ensuring readers stay ahead of Asia’s shifting financial tides.

PBOC Injects Most Liquidity in Five Months to Support China’s Economic Growth

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