China's central bank is injecting liquidity into its financial system:

China's central bank injected +$14.8 billion into its banking system this month through its one-year Medium-Term Lending Facility (MLF) operation, the largest such liquidity injection in 5 months. The MLF is a tool that allows the China's central bank to provide funding directly to commercial banks, helping ensure they have enough liquidity to support lending and financial stability. Combined with +$103.3 billion added earlier this month through reverse repurchase operations, where the central bank temporarily lends money to banks in exchange for securities, total liquidity support surged to its highest level since Februa

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