China's Central Bank to Add Temporary Repos Depending on Market Conditions.

(Bloomberg) -- The People's Bank of China will carry out temporary bond repurchase or reverse repurchase operations depending on the market situation during working days between 16:00 p.m. and 16:20 p.m.The central bank aims to maintain reasonable and sufficient liquidity in the banking system, it said in a statement on Monday.The move comes after the PBOC on Friday took the next step toward selling government bonds to cool a record-breaking rally, saying it now has "hundreds of billions" of yuan of the securities at its disposal through agreements with lenders.©2024 Bloomberg L.P.By Felix TamReported by Author [Extracted from the article]