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China central bank does 110b yuan reverse repos, injects net 440b yuan for week
[SHANGHAI] China's central bank will inject 110 billion yuan (S$23.58 billion) into the money markets through 14-day reverse bond repurchase agreements during a special session on Saturday, traders said.
This will bring total net injections into the market this week to 440 billion yuan.
The Chinese financial markets are closed next week for the Chinese Lunar New Year.
The People's Bank of China (PBOC) conducted a net injection of 690 billion yuan last week, the biggest weekly injection on record by Reuters calculations.