China Boosts Liquidity by Most Since 2020 Amid Ukraine Conflict

(Bloomberg) — China’s central bank ramped up its short-term liquidity injection in the banking system, providing support just as global markets are roiled by the Ukraine conflict.

The People’s Bank of China injected a net 290 billion yuan ($45.8 billion) into the financial system via seven-day reverse repurchase agreements Friday, the most since September 2020. The operation is aimed at keeping liquidity stable at month-end, it said.