EL7.AI
Central BanksMedium•15 November 2026•
1 min read

PBOC Injects Record 1.01 Trillion Yuan to Support Markets as Yields Hit Lows

Key Facts

1The PBOC executed a record single-day cash injection of RMB 1.01 trillion via reverse repurchase agreements.
2China's five-year government bond yield briefly touched a record low of 1.34% following the liquidity surge.

The People's Bank of China executed a record single-day cash injection of RMB 1.01 trillion through reverse repurchase agreements. Vocal reported that China's five-year government bond yield touched a historic low of 1.34% following the surge, as the central bank moved to ensure banks have ample liquidity for lending and purchasing government debt.

This massive liquidity infusion follows data showing new loans fell to -100 billion yuan on November 13, 2026, down from 1,080 billion yuan in the prior period. In equity markets, BACHY closed at $20.02 on November 13, 2026, while the trade balance recorded $105.28 billion on November 10, 2026, missing the $125.8 billion forecast.

China is scheduled to release key economic indicators on November 16, 2026, including the unemployment rate, industrial production, and retail sales. Additionally, the central bank will announce the 1-year and 5-year Loan Prime Rates on November 20, 2026.