Briefly

Central bank conducts reverse repos

China's central bank conducted 190.3 billion yuan ($26.47 billion) of seven-day reverse repos at an interest rate of 1.5 percent on Thursday. The move aims to keep liquidity in the banking system adequate at a reasonable level at the end of the month, the central bank said. 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.

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