PBoC to Inject CNY 300 Billion via Reverse Repo
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The People's Bank of China announced it will conduct a CNY 300 billion outright reverse repo operation on May 6 to ensure ample liquidity in the banking system.The move signals continued efforts to stabilize funding conditions and support financial markets.The operation will follow a fixed-quantity approach and be executed through interest-rate bidding, with successful bids determined across multiple price levels.The facility will carry a tenor of three months, or 91 days.
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