Announcement on Open Market Business No.7 [2024]

(Open Market Operations Office, October 28, 2024)

To keep liquidity in the banking system adequate at a reasonable level and to further enrich the monetary policy toolkit of the central bank, the People’s Bank of China (PBOC) decided to use the instrument of outright reverse repo operations on the open market as of today. Open to primary dealers of open market operations, it is to be conducted on a monthly basis in principle with a tenor of not more than one year. The operations adopt variable-rate tender with a fixed quantity and multi-price auction, trading central government bonds, local government bonds, financial bonds and unsecured corporate bonds. The result of operations will be released under relevant columns on the PBOC official website.

The notice is hereby released.