China central bank conducts 800 billion yuan of outright reverse repos in Nov

SHANGHAI (Reuters) – China’s central bank said on Friday it conducted 800 billion yuan ($110.59 billion) of outright reverse repos in November.

The People’s Bank of China (PBOC) said the repo operations aimed to keep liquidity in the banking system adequate at a reasonable level. The tenor of the repos for the month was 3 months.

Separately, the PBOC said it had purchased a net 200 billion yuan of government bonds in open market operations in November.

($1 = 7.2342 Chinese yuan renminbi)

(Reporting Shanghai Newroom)