Hong Kong business daily
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The Standard · Hong Kong · PBoC adds an overnight reverse repo, pushing China toward a price-based policy rate
First to carry the dated announcement: the central bank will run overnight reverse repos on 29-30 June through quantity bidding at fixed rates, extending Governor Pan Gongsheng's earlier signal to broaden the overnight toolkit.
“New reverse repo operations will be conducted on June 29 and June 30, through quantity bidding at fixed interest rates.”