PBOC Injects and Drains Up to 782.9 Billion Yuan via 7-Day Reverse Repos at 1.40% Between August 25-29

The People's Bank of China (PBOC) has conducted a series of 7-day reverse repo operations at a consistent interest rate of 1.40% over several days, injecting and draining liquidity in varying amounts. On August 25, the PBOC injected 288.4 billion yuan via reverse repos, resulting in a net injection of 21.9 billion yuan. The following day, August 26, the central bank sold 405.8 billion yuan in reverse repos but drained a net 174.5 billion yuan from the market. On August 27, the PBOC sold 379.9 billion yuan at the same rate and removed 236.1 billion yuan in net liquidity. The trend shifted on August 28, when the PBOC injected 416.1 billion yuan through reverse repos and achieved a net injection of 163.1 billion yuan. Most recently, on August 29, the PBOC offloaded 782.9 billion yuan in 7-day reverse repos and injected a net 421.7 billion yuan in open market operations. These operations reflect ongoing efforts by the PBOC to manage liquidity in the Chinese financial system amid stable short-term interest rates.