The People's Bank of China conducted 190 billion yuan of reverse repurchase operations, resulting in a net injection of 97.2 billion yuan into the open market.

Shanghai Securities News (Reporter Chen Jiayi) – The People's Bank of China announced on November 13 that it conducted 190 billion yuan of 7-day reverse repurchase operations through a fixed-rate, quantity-based bidding process, with an operation rate of 1.4%. As 92.8 billion yuan of 7-day reverse repos matured today, the net injection was 97.2 billion yuan.

Yesterday, money market rates declined. The overnight Shanghai Interbank Offered Rate (Shibor) fell 9.3 basis points to 1.415%, and the 7-day Shibor fell 2.7 basis points to 1.474%. At the close, the weighted average interest rate of DR007 fell to 1.4904%. The Shanghai Stock Exchange's 1-day treasury bond reverse repo rate (GC001) fell to 1.547%.