China's central bank pumps $73.8 billion into banks in biggest liquidity move in five months ahead of Politburo meeting

China's central bank injected $73.8B into the banking system, the largest liquidity add in five months, signaling a near-term bias toward supporting growth and stabilizing funding conditions ahead of the Politburo meeting. The move typically improves risk appetite and reduces near-term liquidity stress for China-exposed assets, with spillovers into broader EM and global macro positioning. FX and rates markets may reprice policy support expectations.