China cbank injects $81 billion through reverse repos on Thursday By Reuters

SHANGHAI (Reuters) – China’s central bank said on Thursday it had lent 577.7 billion yuan ($80.93 billion) through seven-day reverse bond repurchase agreements in an open market operation.

The People’s Bank of China (PBOC) said the cash injection was aimed at countering factors such as maturing loans at the medium-term lending facility (MLF), tax payments and government bond issuance to keep the banking system sufficiently liquid great.

It added that it will carry out the FML loan operation on August 26.

($1 = 7.1382)