PBOC to inject 80b yuan through 7-day reverse repos: traders

[SHANGHAI] China's central bank will inject 80 billion yuan (S$16.75 billion) into the money markets through seven-day reverse bond repurchase agreements on Wednesday, traders said.

Maturing reverse repos will drain a net 200 billion yuan from the banking system this week.

The People's Bank of China conducted a net injection of 85 billion yuan into the banking system last week.