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The People's Bank of China (PBOC) is injecting 30 billion yuan through seven-day reverse bond repurchase agreements and 20 billion yuan through 28-day reverse repos, they said.
On a net basis, the PBOC will drain a net 190 billion yuan from the market via open market operations for the day, with 240 billion yuan worth of reverse repos due to mature on Thursday.
The PBOC drained a net 510 billion yuan from the money market last week.