SHANGHAI (Reuters)

China’s central bank announced that it conducted 1.7 trillion yuan of outright reverse repurchase agreements in January.

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

Additionally, the PBOC mentioned that it did not purchase or sell Chinese government bonds in open market operations during January.