230b yuan of reverse repo contracts to mature next week

BEIJING - A total of 230 billion yuan ($35.8 billion) of reverse repos are set to mature in the coming week.

The People's Bank of China, the country's central bank, injected funds into the money market through open market tools in the past week to offset factors including taxation peak and deposit of required reserves.

Rather than across-the-board rate cuts and reserve requirement ratio adjustments, China relies on open market operations to inject or withdraw liquidity.

China has decided to maintain a prudent and neutral monetary policy in 2018 as it strives to balance growth and risk prevention.