(Xinhua)11:22, August 04, 2020
The Peoples Bank of China (PBOC), the countrys central bank, skipped open market operations via reverse repos Tuesday.
The banking system reports reasonable and sufficient liquidity at present, the PBOC said in an online statement.
A total of 80 billion yuan (about 11.46 billion U.S. dollars) of reverse repos matured Tuesday.
A reverse repo is a process in which the central bank purchases securities from commercial banks through bidding, with an agreement to sell them back in the future.
China will pursue a prudent monetary policy in a more flexible and appropriate way, according to this years government work report.