MNI BRIEF: PBOC Plans Big Liquidity Injection After Holiday

The People's Bank of China will conduct CNY1.1 trillion of outright reverse repo operations on Oct 9, according to a statement on its website on Tuesday.

The operations will be fixed-quantity, interest-rate bidding and multiple-price award in a bid to “maintain ample liquidity in the banking system”, the PBOC said. 

After the eight-day National Day holiday, a total of CNY2.66 trillion of reverse repos will mature, including CNY2.06 trillion on Oct 9 and CNY600 billion on October 10, according to Wind, a Chinese financial data provider. (See MNI PBOC WATCH: Ample Liquidity Ensured Amid Bull Stock Market)