Reverse repos add 2b yuan to system
The People’s Bank of China, the country’s central bank, on Friday conducted 2 billion yuan ($296.68 million) of seven-day, 2.1 percent reverse repos to maintain stable liquidity in the banking system. A reverse repo is a process in which the central bank purchases securities from commercial banks through bidding, with an agreement to sell them back in the future.
BUSINESS
en-hk
2022-08-13T07:00:00.0000000Z
2022-08-13T07:00:00.0000000Z
https://chinadaily.pressreader.com/article/281638193984272
China Daily