Central Bank: will provide RMB liquidity to eligible overseas central bank-like institutions through repurchase instruments with overseas central bank-like institutions.

According to the document issued by the People's Bank of China on June 17, in order to support the high-level opening of China's financial market to the outside world and facilitate the management of renminbi liquidity by overseas central bank-like institutions, the People's Bank of China will provide renminbi liquidity to eligible overseas central bank-like institutions through the Foreign Central Bank-like Institutions Repurchase Instrument (FIMA RMB Repo). Original text: The People's Bank of China Introduces A Repurchase Instrument for Overseas Central Bank-like Institutions In order to support the high-level opening of China's financial market to the outside world and facilitate the management of renminbi liquidity by overseas central bank-like institutions, the People's Bank of China will provide renminbi liquidity to eligible overseas central bank-like institutions through the Foreign Central Bank-like Institutions Repurchase Instrument (FIMA RMB Repo). Overseas central bank-like institutions refer to overseas central banks or monetary authorities, international financial organizations, and sovereign wealth funds. The operational modes of the repurchase instrument include pledging and outright transactions. The types of repurchase bonds include Chinese government bonds, central bank bills, policy financial bonds, and other high-grade renminbi bonds recognized by the People's Bank of China. The repurchase terms include 7 days, 1 month, and 3 months. The repurchase interest rate will be determined by adding points to the interest rate of the 7-day reverse repurchase operation in the open market. Open Market Operations Room of the People's Bank of China June 17, 2026 This article is selected from the People's Bank of China, edited by GMTEight: Chen Wenfang.