PBOC: Will conduct overnight reverse repurchase operations from July 29 to July 31 and August 3.
The People's Bank of China will conduct overnight reverse repurchase operations on July 29 to July 31 and August 3, using fixed interest rates and quantity tendering.
On July 24, the People's Bank of China announced that in order to better match the short-term liquidity needs of the banking system, the People's Bank of China will conduct overnight reverse repurchase operations from July 29 to July 31 and on August 3, using fixed interest rates and quantity bidding. The operations will be conducted daily with 600 billion yuan from July 29 to July 31, and 300 billion yuan on August 3.
This article is selected from the official website of the People's Bank of China, translated by GMTEight editor: Liu Jiayin.
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