People's Bank of China
In open market operations, the People's Bank of China:
- to inject 70 bn yuan via 7 day reverse repos
- to inject 50 bn yuan via 14 day reverse repos
Net 20bn yuan injection for the day
For the week a net injection of 110bn yuan (30bn yuan net drain the prior week)
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Earlier today the National Development and Reform Commission of the People's Republic of China (NDRC) said they had approved 165.5bn yuan of fixed-asset investment projects in July.
