BEIJING – China’s financial authorities injected 113 billion yuan (approximately $15.6 billion) into the banking system via reverse repurchase agreements on Monday, February 9, 2026, as the country anticipates liquidity demands ahead of the Lunar Novel Year holiday.
The People’s Bank of China (PBOC) conducted the operation to maintain sufficient liquidity in the market, according to reports from AASTOCKS.com and on.cc東網. This move comes as the market anticipates a liquidity shortfall of 3 trillion yuan before the start of the week-long Lunar New Year celebrations.
Several sources, including 信報網站 and 明報財經網, suggest the PBOC may implement further substantial funding injections to stabilize the market and mitigate potential volatility during the holiday period. The Lunar New Year is a peak travel season in China, driving up demand for cash.
Alongside the liquidity injection, Chinese stock markets opened higher on February 9, 2026, with the Shanghai Composite Index rising nearly 1%, as reported by 明報財經網. This positive market reaction suggests investor confidence in the PBOC’s proactive measures to maintain financial stability.
The PBOC’s actions reflect a broader strategy of asymmetric interest rate adjustments, as highlighted in a recent report by Caixin Global, aimed at stabilizing the economy without hindering growth.
