The People's Bank of China, China's central bank, conducted 50 billion yuan worth of 7-day reverse repos in Tuesday's open market operation.
Statistics show that there will be 70 billion yuan worth of reverse repos due this week, of which 35 billion yuan were due on Tuesday.
Analysts anticipated that the central bank will continue reverse repos this week in a bid to keep liquidity environment stable. Last week, the central bank injected net 30 billion yuan into the financial system via routine open market operations.
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