Central Bank: Will conduct overnight reverse repurchase operations from July 29th to July 31st and August 3rd.

According to the Smart Finance and Economics APP, on July 24, the People's Bank of China announced that in order to better match the short-term liquidity needs of the banking system, the People's Bank of China will conduct overnight reverse repurchase operations on July 29 to July 31 and on August 3, using fixed interest rates and quantity bidding. The operation will be conducted for 600 billion yuan per day from July 29 to July 31, and for 300 billion yuan on August 3.