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Chinese Central Bank conducts direct reverse repurchase operation worth 600 billion yuan

[15/10/2025 02:18]

BEIJING-SABA
The People's Bank of China announced last Tuesday that it would conduct a direct reverse repurchase operation worth 600 billion yuan (approximately 84.48 billion US dollars) today, Wednesday, in order to maintain ample liquidity in the banking system.

The bank stated in a press release published by the Chinese news agency (Xinhua) that the operation would be carried out with a fixed quantity through interest rate bids, with the winning bids to be determined at multiple price levels and the operation would have a term of six months or 182 days.

Direct reverse repurchase operations, which are a tool introduced by the central bank in October 2024 to manage liquidity in the national banking system, are operations carried out once a month for a term not exceeding one year.