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China's Central Bank Drains 30 Billion Yuan Through Reverse Repos Today, 104.4 Billion Yuan This Week

GateNews
Forex
According to Jin10, China's central bank conducted 123 billion yuan in 7-day reverse repo operations today (May 29), resulting in a net liquidity drain of 30 billion yuan after 153 billion yuan in maturing repos. For the week, the central bank completed 908.9 billion yuan in reverse repo operations and handled 500 billion yuan in 1-year medium-term lending facility (MLF) and 304.5 billion yuan in maturing repos, achieving a net weekly drain of 104.4 billion yuan.
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