The People's Bank of China (PBOC) has conducted significant liquidity operations throughout the week, injecting a total of 1.17 trillion yuan into the banking system via open market operations. The injections were carried out through 7-day reverse repos at an interest rate of 1.80%. On Monday, the PBOC injected 129 billion yuan via 7-day reverse repos and 100 billion yuan via 1-year medium-term lending facilities (MLF), resulting in a net injection of 227 billion yuan. On Tuesday, the PBOC injected 676 billion yuan, the largest single-day injection since January 2, with a net injection of 674 billion yuan. Wednesday saw an injection of 270 billion yuan, with a net injection of 268 billion yuan. On Thursday, the PBOC injected 49 billion yuan, with a net injection of 47 billion yuan. Finally, on Friday, the PBOC injected 59 billion yuan, with a net injection of 57 billion yuan. This week's total net injection of 1.17 trillion yuan marks the largest weekly net cash injection since January.