In addition, the People's Bank of China (PBOC) also reported that its open market trading of treasury bonds had yielded a net injection of 50 billion yuan (~$7.07 billion), and that central treasury cash management operations contributed a net injection of 80 billion yuan, a state-controlled media outlet reported.
Through seven-day reverse repo operations, the central bank injected 4.8 trillion yuan through these agreements, but withdrew 5.36 trillion yuan, resulting in a net withdrawal of about 556 billion yuan.
ALCHEMPro News Desk (DS)
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