China's central bank adds 600B yuan liquidity
The Chinese Central Bank announced its plan 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 comes after the value of reverse repurchase agreements due in June reached 600 billion yuan for a six-month period, effectively renewing all maturing amounts. These operations are a key tool for managing the renewed liquidity in October 2024, conducted once a month to promote stability in the banking sector.
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