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Caixin Global

The Week Ahead (May 4-10): PBOC Conducts 300 Billion Yuan Outright Reverse Repos

PBOC ASEAN Philippines ASEAN Summit Beijing

May 6: PBOC conducts outright reverse repos

To maintain sufficient liquidity in the banking system, the People’s Bank of China will conduct 300 billion yuan ($43.9 billion) in outright reverse repurchase operations through an interest rate bidding mechanism with multiple clearing prices. The operations have a three-month term and mature on Aug. 5.

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