According to the central bank’s announcement on its open market outright reverse repo tender, on March 16, 2026, the People’s Bank of China will conduct 500 billion yuan of outright reverse repo operations with a tenor of six months (182 days) through a fixed-quantity, interest-rate tender and multiple-price allotment method.

[Central Bank to Conduct 500 Billion Yuan in Outright Reverse Repo Operations Today] The People's Bank of China announced that it would conduct 500 billion yuan in six-month (182-day) outright reverse repo operations today (March 16) through fixed-quantity, interest-rate tendering and multiple-price bidding. As 600 billion yuan of six-month outright reverse repo operations mature in March, this operation meant the central bank rolled over 100 billion yuan less in six-month outright reverse repo operations for the month.

To maintain ample liquidity in the banking system, on February 25, 2026, the People's Bank of China will conduct a 600 billion yuan MLF operation via fixed quantity, interest rate tender, and multiple-price winning method, with a maturity of one year.

PBOC Increased Gold Holdings for Six Consecutive Months. According to the central bank, China's gold reserves at the end of April stood at 73.77 million ounces, up 70,000 ounces MoM, marking the sixth consecutive month of gold holdings increase.

[PBOC Achieves Net Injection of 90 Billion Yuan in Open Market Operations] The People's Bank of China (PBOC) conducted 7-day reverse repo operations worth 154.5 billion yuan today, with a bidding volume of 154.5 billion yuan and a winning bid volume of 154.5 billion yuan. The operating interest rate was 1.40%, unchanged from the previous rate. As 64.5 billion yuan of 7-day reverse repos matured today, the PBOC achieved a net injection of 90 billion yuan on the day.

[PBOC Net Drains 103.5 Billion Yuan via Open Market Operations] Cailian Press, May 14 - The People's Bank of China (PBOC) conducted reverse repo operations worth 92 billion yuan for a 7-day term today, with an operating interest rate of 1.40%, unchanged from the previous rate. As reverse repo operations worth 195.5 billion yuan for a 7-day term matured today, the PBOC achieved a net drain of 103.5 billion yuan.