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PBOC Mounts RMB279B 7-day Reverse Repo; Single-day Net Injection RMB103B
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The People's Bank of China (PBOC) conducted RMB279 billion in 7-day reverse repo operations in the open market today (28th), with the operation rate unchanged at 1.5%.

Separately, RMB176 billion in reverse repos matured, resulting in a net injection of RMB103 billion for the day.

Related NewsCaixin Manufacturing PMI for Apr in China is 50.4, lower than the previous value of 51.2. The forecast was 49.8.

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