{"id":53865,"date":"2025-10-01T09:49:09","date_gmt":"2025-10-01T09:49:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/53865\/"},"modified":"2025-10-01T09:49:09","modified_gmt":"2025-10-01T09:49:09","slug":"china-to-conduct-1-1-trillion-yuan-outright-reverse-repo-operation","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/53865\/","title":{"rendered":"China to conduct 1.1-trillion-yuan outright reverse repo operation"},"content":{"rendered":"

\"A<\/p>\n

A view of the PBC building in Beijing Photo: VCG<\/p>\n

The People’s Bank of China (PBOC) said Tuesday that it will conduct a 1.1-trillion-yuan (about 154.8 billion US dollars) outright reverse repo operation on Oct 9 to maintain ample liquidity in the banking system.<\/p>\n

The operation will be carried out with fixed volumes 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.<\/p>\n

As 800 billion yuan of three-month outright reverse repos are set to mature in October, the Oct 9 operation will result in an increase of 300 billion yuan in outstanding three-month outright reverse repos for the month.<\/p>\n

Wang Qing, chief macro analyst at Golden Credit Rating, said that the move continues to inject liquidity into the market, signaling a ramp-up in the use of quantity-based policy tools.<\/p>\n

It will also help ensure the smooth issuance of government bonds and better meet the credit financing needs of enterprises and households, Wang said.<\/p>\n

Outright reverse repo operations — a tool the central bank introduced in October 2024 to manage liquidity in the national banking system — are carried out once each month with a tenor of no more than one year.<\/p>\n

These operations have enriched the country’s monetary policy toolkit, complementing previous measures such as temporary repos, temporary reverse repos, and the buying and selling of treasury bonds.<\/p>\n","protected":false},"excerpt":{"rendered":"A view of the PBC building in Beijing Photo: VCG The People’s Bank of China (PBOC) said Tuesday…\n","protected":false},"author":2,"featured_media":53866,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[138,219,111,139,69],"class_list":["post-53865","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-new-zealand","tag-newzealand","tag-nz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/53865","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=53865"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/53865\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/53866"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=53865"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=53865"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=53865"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}