China’s central bank conducts 500 billion yuan of outright reverse repos in October

2024.10.31 05:55

SHANGHAI (Reuters) – China’s central bank said on Thursday it conducted 500 billion yuan ($70.24 billion) of outright reverse repurchase agreements in October.

The tenor of the reverse repos was six months.

Separately, the central bank said it had purchased a net 200 billion yuan of government bonds from primary dealers in open market operations in October, according to official statements.

($1 = 7.1180 renminbi)

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