Bank of China provides banks with 200 billion yuan in reverse repo

The People's Bank of China (PBOC) has allocated 200 billion yuan ($ 31.3 billion) to banks in repurchase repos at 2.2% per annum to support liquidity. Last week, the financial regulator allocated 100 billion yuan daily for three days at a similar rate. 

According to the Central Bank, this measure is aimed at maintaining sufficient liquidity for the period of tax reporting and issuance of government bonds.