PBOC Conducts RMB463.3 Billion of Reverse Repos, Draining RMB40.7 Billion
The People's Bank of China on September 18, 2026 conducted RMB463.3 billion of seven-day reverse repurchase agreements at a fixed rate of 1.4%, fully meeting primary dealers' demand, alongside RMB100 billion of 14-day reverse repos. With RMB604 billion of reverse repos maturing the same day, the operations resulted in a net liquidity withdrawal of RMB40.7 billion.
The People's Bank of China on September 18, 2026 conducted RMB463.3 billion of seven-day reverse repurchase agreements through a fixed-rate, quantity-based tender, with an operation rate of 1.4%, fully meeting the demand of primary dealers.
On the same day, the central bank conducted RMB100 billion of 14-day reverse repurchase agreements through a fixed-quantity, rate-based tender with multiple-price allotment. Reverse repurchase agreements worth RMB604 billion matured that day.