The banking system reports reasonable and sufficient liquidity at present, the PBOC said in an online statement. A total of 60 billion yuan (about 8.48 billion U.S. dollars) of reverse repos matured Tuesday.
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.
China will pursue a prudent monetary policy in a more flexible and appropriate way, according to this year's government work report.
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