Reverse repos worth $50b to mature in China
BEIJING - Reverse repos with a total worth of 320 billion yuan ($50 billion) will mature in China this week, data showed Sunday.
No reverse repos will mature on Monday and Friday, while 100 billion yuan, 180 billion yuan and 40 billion yuan will mature on Tuesday, Wednesday and Thursday, respectively, according to information service provider Wind Info.
Reverse repo is a process by which the central bank buys securities from commercial banks, with an agreement to sell them back in the future.
No medium-term lending facility, repurchase agreements or central bank bills will become mature in the coming week, Wind Info said.
The central bank has increasingly relied on open market operations for liquidity management, rather than cuts in interest rates or reserve requirement ratios.
China has decided to maintain a prudent and neutral monetary policy in 2018 as it strives to balance growth and risk prevention.
