As 140 billion yuan of reverse repos and 200 billion yuan of Medium-term Lending Facility matured Thursday, the operation led to a net withdrawal of 230 billion yuan from the market.
A reverse repo is a process in which the central bank purchases securities from commercial banks through bidding, with an agreement to sell them back in the future. China pursues a prudent monetary policy in a more flexible and appropriate way, according to this year’s government work report.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer: