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PBOC Restarts 14-day Reverse Repo - Securities Daily

CHINA PRESS

The People’s Bank of China launched a 14-day reverse repo operation of CNY76 billion yuan at 2.15%, the first time since September the facility has been used. Together with its 7-day facility, the PBOC delivered a net injection of CNY83 billion yuan. According to Securities Daily, the move reflects increased liquidity demand at year-end, and a need to stabilise bond market confidence and support credit repair. It is also in line with the Central Economic Work Conference's call for maintaining reasonable and sufficient liquidity, the paper said.

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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