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The People’s Bank of China’s market operations achieved zero injections and zero drainage on the day. This week, it achieved a net recovery of 51 billion yuan.

MeNews
ME News update: On May 18 (UTC+8), China’s central bank conducted a 500 million yuan 7-day reverse repo operation today. As 500 million yuan 7-day reverse repos matured today, the day saw zero net injection and zero net withdrawal. This week, the central bank conducted a 2.5 billion yuan reverse repo operation; as 53.5 billion yuan of reverse repos were due this week, the week overall achieved a net withdrawal of 51 billion yuan. For the direction of open market funding flows, check “Database - China Central Bank Data” for details >> (Source: Jin10)
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