PBOC To Conduct RMB 500 Billion Six-Month Reverse Repo Operation

The People's Bank of China said it will conduct a RMB 500 billion outright reverse repo operation on September 15 using a fixed-quantity, interest-rate tender and multiple-price bidding method, with a six-month tenor. The size of the operation matches the amount maturing, as the central bank seeks to keep banking system liquidity ample, according to Ming Pao.