PBOC conducted RMB226bn of overnight reverse repos today. With RMB263bn of
overnight and RMB15bn of 7‑day reverse repos maturing, net OMO drain was
RMB52bn. This week PBOC injected RMB1.9085tn via overnight reverse repos and
RMB300bn via buyout reverse repos; with RMB749bn of 7‑day, RMB2.6825tn of
overnight and RMB500bn of buyout reverse repos maturing, weekly OMO net drain
was RMB1.423tn.
