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PBOC Adds 600 Billion Yuan via Reverse Repo
The People's Bank of China announced its intention to carry out a direct reverse repurchase operation worth 600 billion yuan (approximately $88 billion) next Monday, aimed at supporting liquidity in the banking system. This operation is intended to roll over maturing amounts in June, ending three months of low-volume operations, and is one of the liquidity management tools introduced in October 2024 to promote stability in the banking sector.
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