China central bank to inject $174 bln via reverse repos on Feb. 3

BEIJING/SHANGHAI, Feb 2 () – China’s central bank said it will inject 1.2 trillion yuan ($173.8 billion) worth of liquidity into the markets via reverse repo operations on Monday, as the country battles a new coronavirus outbreak. The People’s Bank of China made the announcement in a statement published on its website on Sunday. It also said that the total liquidity in the banking system will be 900 billion yuan higher than the same period in 2019. ($1 = 6.9040 Chinese yuan renminbi) (Reporting by Leng Cheng in Beijing and Brenda Goh in Shanghai; Editing by Lincoln Feast.)Our Standards:The Thomson Trust Principles.