PBoC Launches New Monthly Liquidity Tool 🇨🇳

China's central bank is rolling out a powerful new monetary instrument that's set to reshape banking liquidity management. Starting next week, PBoC will conduct monthly direct reverse repo operations with primary dealers, focusing on sub-year terms. The bank is also expanding its arsenal by implementing a comprehensive bond buyback program, targeting everything from sovereign to corporate paper. Stay tuned, there's much more to come...

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