China's central bank said it will inject 35 billion yuan ($5.06 billion) th...
FILE PHOTO: Headquarters of the People's Bank of China , the central bank, is pictured in Beijing, China September 28, 2018. REUTERS/Jason Lee
SHANGHAI - China’s central bank said it will inject 35 billion yuan through open market operations on Wednesday, traders said. The People’s Bank of China is injecting 15 billion yuan through seven-day reverse bond repurchase agreements and 20 billion yuan through 28-day reverse repos, according to the traders.On a net basis, the central bank will drain 25 billion yuan from the market for the day, as 60 billion yuan worth of reverse repos are set to expire on Wednesday.
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