The People's Bank of China (PBOC) injected 250 billion yuan of the 7-day reverse repo on Wednesday, resulting in a net injection of 248 billion yuan due to 2 billion yuan maturing the same day. This marks the most significant single-day injection since April 30. Additionally, major state-owned Chinese banks were observed exchanging yuan for US dollars in the offshore foreign exchange market. The following day, PBOC injected 260 billion yuan in the 7-day reverse repo, with a net injection of 258 billion yuan due to 2 billion yuan maturing. China's central bank aims to enhance financial market transparency, rule-based operations, and liquidity of yuan financial assets. The bank also emphasized the stability and usability of the currency, aligning with Xi Jinping's vision of a 'powerful currency.' China's 30-year treasury futures dropped by 0.25% after the central bank announced plans to sell government bonds when necessary, concluding the largest reverse repo operation of USD34.5 billion in May.
China's Central Bank Wraps Up Biggest USD34.5 Billion Reverse Repo Operation in May https://t.co/vwsiHRN0eh
⚠️ CHINA 30-YEAR TREASURY FUTURES CTLC1 DOWN 0.25% AFTER CENTRAL BANK SAYS IT WILL SELL GOVT BONDS WHEN NECESSARY
CHINA 30-YEAR TREASURY FUTURES DOWN 0.25% AFTER CENTRAL BANK SAYS IT WILL SELL GOVT BONDS WHEN NECESSARY
CHINA CENTRAL BANK: DIVERSION OF BANK DEPOSTIS TO BOND MARKET FURTHER BOOSTS DEDMAND FOR SAFE ASSETS
China’s central bank says Xi Jinping’s idea of a “powerful currency” is one that is stable and easy to use, as it pledged to play a key role in developing a competitive financial system https://t.co/PmjVqvDAGZ
CHINA CENTRAL BANK DEPUTY GOVERNOR: WILL MAKE FINANCIAL MARKETS MORE TRANSPARENT, RULE-BASED AND PREDICTABLE, AND INCREASE THE LIQUIDITY YUAN FINANCIAL ASSETS
⚡PBOC injected 260 billion yuan of the 7-day reverse repo on Thursday, and the net injection comes to 258 billion yuan as 2 bln yuan due today. #China #liquidity The most single-day injection since April 30. https://t.co/LAlDdBlWT2
CHINA'S MAJOR STATE-OWNED BANKS WERE SEEN SWAPPING YUAN FOR US DOLLARS IN OFFSHORE FOREIGN EXCHANGE MARKET - SOURCES
⚡PBOC injected 250 billion yuan of the 7-day reverse repo on Wednesday, and the net injection comes to 248 billion yuan as 2 bln yuan due today. #China #liquidity The most single-day injection since April 30. https://t.co/LAlDdBmuIA
⚡PBOC injects 250 billion yuan of the 7-day reverse repo on Wednesday, and the net injection comes to 248 billion yuan as 2 bln yuan due today. #China #liquidity The most single day injection since April 30. https://t.co/LAlDdBmuIA
PBOC INJECTS MOST FUNDS INTO MARKET VIA REVERSE REPOS SINCE APRIL 30TH
⚡PBOC injects 250 billion yuan of the 7-day reverse repo on Wednesday, and the net injection comes to 248 billion yuan as 2 bln yuan due today. #China #liquidity https://t.co/LAlDdBmuIA
PBOC SELLS 250 BILLION YUAN OF 7-DAY REVERSE REPO AT 1.8%