PBOC conducted CNY258 bln of overnight reverse repos today; CNY60 bln of 7-day
and CNY173 bln of overnight reverse repos matured, resulting in a net injection
of CNY25 bln. This week the PBOC conducted CNY80 bln of 7-day and CNY511 bln of
overnight reverse repos, while CNY276 bln of 7-day and CNY253 bln of overnight
reverse repos matured, leaving a weekly net injection of CNY62 bln.