PBOC Executes RMB324B Reverse Repo Today, Resulting in Net Withdrawal of RMB34.6B
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: aastocks
PBOC Reverse Repo Operation: The People's Bank of China conducted a seven-day reverse repo operation worth RMB324 billion, maintaining the operation rate at 1.4%.
Net Withdrawal: A total of RMB358.6 billion in reverse repos matured today, leading to a net withdrawal of RMB34.6 billion.
Fixed Asset Investment Decline: China's Year-to-Date Fixed Asset Investment for December showed a YoY decline of -3.8%, which is worse than the previous -2.6% and below the forecast of -3%.
Economic Indicators: The recent figures indicate ongoing challenges in China's economic recovery, particularly in investment sectors.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
