People's Bank of China Creates Foreign Central Bank Repo Facility on June 17

According to Jin10, People's Bank of China Governor Pan Gongsheng announced on June 17 the creation of a foreign central bank repo facility. Foreign central banks, monetary authorities, international financial organizations, and sovereign wealth funds can obtain yuan liquidity from the PBOC by repurchasing Chinese government bonds and other high-grade securities, facilitating their yuan liquidity management and asset allocation.
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