USD/CNY reference rate set for the day by the PBOC, 4th successive day of yuan strengthening

In Open Market operations

  • To inject 150 bn yuan through 7-day reverse repos
  • To inject 40 bn yuan through 14-day reverse repos

An injection of 190bn yuan today

20 bn yuan in RRs is maturing

So nt injection of 170bn yaun for the day