China’s Central Bank Adds Funds for the First Time in Three Weeks

A man talks on a mobile phone outside the People's Bank of China headquarters in Beijing, China, on Monday, Oct. 23, 2017. China's central bank is said to have gauged demand for 63-day reverse repurchase agreements for the first time ever.Photographer: Qilai Shen/Bloomberg

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By Bloomberg News

January 11, 2018 at 3:09 AM UTC

Updated on

January 11, 2018 at 9:21 AM UTC

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China’s central bank pumped funds into the financial system for the first time in three weeks after money rates rose and bonds declined.

The People’s Bank of China offered 60 billion yuan ($9.2 billion) of reverse-repurchase agreements Thursday through seven- and 14-day contracts, resulting in a net addition of 30 billion yuan when taking maturities into account.