Central Bank: By 2025, the cumulative net injection of various open market operations will reach 6 trillion yuan, with a net purchase of 120 billion yuan of government bonds.

People's Bank of China spokesperson and vice president Zou Lan stated at the State Council Information Office press conference on January 15th that by 2025, a total of 6 trillion yuan has been injected through various open market operations, including a net injection of 3.8 trillion yuan through repurchase agreements and a net purchase of 120 billion yuan in government bonds. The People's Bank of China is also pushing forward other reform measures. With the continuous enrichment of the monetary policy toolkit, various tools can be used in combination according to needs and market conditions, improving the pricing mechanism of basic money injection and operational tools, enhancing information disclosure in monetary policy operations, and increasing policy transparency.