FX.co ★ PBoC to Inject CNY 300 Billion via Reverse Repo

The People’s Bank of China has announced it will conduct an outright reverse repo operation of CNY 300 billion on May 6 to ensure ample liquidity in the banking system. The move underscores ongoing efforts to stabilize funding conditions and support financial markets. The operation will adopt a fixed-quantity approach and be carried out through interest-rate bidding, with successful bids allocated across multiple price levels. The facility will have a tenor of three months, or 91 days.