SHANGHAI, Aug. 16 (SMM) – The People’s Bank of China (PBOC) resumed reverse repurchase today, leading to net capital injection in open market.
Net injection reached 180 billion yuan considering the 100 billion yuan of reverse repurchase coming due today, which is the highest from June 7, 2017.
The PBOC announced August 16 it implemented 280 billion yuan in reverse repurchase through interest rate bid solicitation, so as to offset effects on bank liquidity from tax calendar and its reverse repurchase coming due.
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