China: PBoC to Inject CNY 300 Billion via Reverse Repo.

The People's Bank of China announced it will conduct a CNY 300 billion outright reverse repo operation on May 6 to ensure ample liquidity in the banking system. The move signals continued efforts to stabilize funding conditions and support financial markets. The operation will follow a fixed-quantity approach and be executed through interest-rate bidding, with successful bids determined across multiple price levels. The facility will carry a tenor of three months, or 91 days.