BEIJING, Nov. 4 (Xinhua) -- The People's Bank of China said Tuesday that it will conduct a 700-billion-yuan (about 98.75 billion U.S. dollars) outright reverse repo operation on Nov. 5 to maintain ample liquidity in the banking system.
The operation will be carried out with a fixed quantity through interest-rate bidding, with winning bids determined at multiple price levels. It will have a tenor of three months, or 91 days, according to the central bank.
