China Announces RMB 360 Billion Capital Injection for Financial Institutions and PBOC Conducts Reverse Repo Operation

China's Ministry of Finance plans to inject RMB 360 billion into eight central financial institutions, including major state-owned banks, to strengthen their capital, operations, and risk resilience, thereby enhancing support for the real economy. Concurrently, the People's Bank of China (PBOC) is conducting a RMB 500 billion reverse repurchase operation with a three-month tenor to manage liquidity within the financial system.