The People's Bank of China sets up overseas central bank-like repurchase agreement tools.

In order to support the high-level opening up of our country's financial market to the outside world and facilitate the management of renminbi liquidity by overseas central bank-type institutions, the People's Bank of China will provide renminbi liquidity to eligible overseas central bank-type institutions through repurchase tools. Overseas central bank-like institutions refer to overseas central banks or monetary authorities, international financial organizations, and sovereign wealth funds. The operation of repurchase tools includes pledged and outright repurchase. The types of repurchasable bonds include Chinese government bonds, central bank bills, policy-based financial bonds and other high-grade renminbi bonds recognized by the People's Bank of China. Repurchase terms include 7 days, 1 month, and 3 months. The repurchase rate is determined by adding a premium to the 7-day reverse repurchase operation rate in the open market.