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PBoC bought a net CNY 50bln of sovereign bonds in August, injected a net CNY 65bln via other structural monetary policy tools, while its PSL operations resulted in a net withdrawal of CNY 52.1bln

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In August 2026, the PBoC purchased a net CNY 50B in sovereign bonds, injected CNY 65B via structural tools, and withdrew CNY 52.1B through PSL operations.

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