The People’s Bank of China (PBOC) announced that it undertook 20 billion yuan in reverse repo operations on 28 December.
This included 20 billion yuan in 7-day reverse repos with a rate of 2.20%, the same as the previous operation.
Data from Wind indicates that 10 billion yuan in reverse repos matured on 28 December, for a net injection of 10 billion yuan.
A total of 80 billion yuan in reverse repos are scheduled to mature this week, including 10 billion yuan each day from 28 – 31 December, and 40 billion yuan on 1 January 2021.
PBOC said that its open market operations on 28 December were for the purpose of maintaining stable liquidity at the end of 2020.