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More reverse repos to mature this week

A total of 290 billion yuan ($42.3 billion) of reverse repos are set to mature this week, according to Wind, a service provider. Over the past week, the People's Bank of China (PBOC), the nation's central bank, injected 325 billion yuan into the money market through tools including reverse repos and the medium-term lending facility (MLF). A reverse repo is a process by which the central bank bids and buys securities from commercial banks, with an agreement to sell them back in the future. The MLF was introduced in 2014 to allow commercial and policy banks to borrow from the central bank using securities as collateral.

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