China maintains banking liquidity with $1.95 bn reverse repos

The move is designed to maintain ‘reasonable and ample’ liquidity within the nation’s banking system, the central bank said in a statement.

A reverse repo is an operation in which the central bank buys securities from commercial banks through bidding, agreeing to sell them back at a later date. This measure is part of China’s ongoing efforts to stabilise its financial markets.

ALCHEMPro News Desk (NB)