The move aims to keep liquidity in the banking system reasonable and ample, the People's Bank of China said in a statement.
A reverse repo is a process in which the central bank purchases securities from commercial banks through bidding, with an agreement to sell them back in the future.
                
                                
            
        
            
        
                
            
							
			
			
                            
                        
                        
                        
                        
                        
                    
         
               
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