China's central bank conducts reverse repos to boost liquidity

A man rides a bicycle past the PBoC headquarters in Beijing. — Bloomberg

BEIJING: China's central bank on Wednesday conducted 202 billion yuan (about 28.99 billion U.S. dollars) of reverse repos to maintain liquidity in the banking system.

The amount included 189 billion yuan of seven-day reverse repos at an interest rate of 2 percent, and 13 billion yuan of 14-day reverse repos at an interest rate of 2.15 percent, according to the People's Bank of China.