Wang Qing, chief macro analyst at Orient Jincheng, said recent zero 7-day reverse repo operations and the PBOC's use of overnight reverse repos in mid‑August signal more precise control of market rates. He expects market-rate volatility to ease and s

2026-08-18

Wang Qing, chief macro analyst at Orient Jincheng, said recent zero 7-day reverse repo operations and the PBOC's use of overnight reverse repos in mid‑August signal more precise control of market rates. He expects market-rate volatility to ease and says overnight reverse repos could gradually supplant 7-day reverse repos as the PBOC's primary short-term liquidity management tool.