Key facts
- The People's Bank of China (PBOC) will conduct overnight reverse repo operations.
- Operations will take place from July 29 to August 3.
- A total of 2.1 trillion yuan will be injected into the banking system.
- The PBOC aims to meet short-term liquidity needs.
- The central bank introduced a new liquidity tool in June.
China's central bank announced on Friday that it will conduct overnight reverse repo operations from July 29 to August 3, injecting a total of 2.1 trillion yuan. The People's Bank of China (PBOC) stated the operations are intended to better meet short-term liquidity needs within the banking system.