What's news

Govt and policies

Central bank injects funds for liquidity

China's central bank continued to inject funds into the financial system via open market operations on Monday. The People's Bank of China conducted 80 billion yuan ($12.7 billion) of seven-day reverse repos, according to a central bank statement. The move is offset by the same amount of maturing reverse repos, which means market liquidity remains intact. A reverse repo is a process by which the central bank purchases securities from commercial banks through bidding, with an agreement to sell them back in the future.