China central bank conducts 1.7 trln yuan of outright reverse repos in Jan

SHANGHAI (Reuters) – China’s central bank said on Monday it conducted 1.7 trillion yuan of outright reverse repurchase agreements in January.

The People’s Bank of China (PBOC) said the repo operations aimed to “keep banking system liquidity reasonably ample”. The tenors of the repos for the month were 3 and 6 months.

Separately, the PBOC said it had not purchased or sold Chinese government bonds in open market operations in January.