PBOC liquidity injections totaled over RMB1.5tn in January

The People’s Bank of China injected RMB520.9 billion (US$79.2 billion) of liquidity into the Chinese financial system through a standing lending facility (SLF) in January, with outstanding SLF loans standing at RMB110 million at January’s end, The Wall Street Journal reported, citing a statement from the central bank. In another statement, the bank said it had injected RMB862.5 billion via a medium-term lending facility (MLF), with outstanding MLF loans at RMB1.278 trillion as of the end of January. It also gave out loans of RMB143.5 billion through pledged supplementary lending (PSL) to three policy banks, with outstanding PSL loans at RMB1.224 trillion at last month’s end.