SHANGHAI (Reuters) – China’s central bank said on Monday it conducted 1.7 trillion yuan in outright reverse repurchase agreements in January.
The People’s Bank of China (PBOC) said the repo operations aimed to “maintain the liquidity of the banking system reasonably sufficient”. The tenors of repos for the month are 3 and 6 months.
Separately, the PBOC said it did not buy or sell Chinese government bonds during open market operations in January.