Financial News – The People's Bank of China's Open Market Operations Office announced that, to better align with the short-term liquidity needs of the banking system, it will conduct overnight reverse repurchase operations on July 29, 30, 31, and August 3.
The operations will use a fixed interest rate and quantity-based bidding. A total of 600 billion yuan will be conducted each day from July 29 to July 31, with 300 billion yuan scheduled for August 3.
The announcement was made on July 24.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.