China's Central Bank Scales Down Reverse Repo Maturities to 3 Billion Yuan This Week

China’s central bank’s open market reverse repurchase agreements (repos) maturing this week total 3 billion yuan, down sharply from prior weeks. Maturities are distributed as 1 billion yuan on Monday and 500 million yuan each from Tuesday through Friday. On Monday, the central bank will conduct auctions for 30 billion yuan in 21-day central government treasury cash deposits and 70 billion yuan in one-month deposits. Additionally, 800 billion yuan in six-month buy-back reverse repos mature on Monday; the central bank previously rolled over 300 billion yuan of these at reduced scale.