According to the central bank of China, open market operations will be postponed on Monday as the 11th consecutive trading amid the high liquidity on the banking system.
The People's Bank of China will draw off 40 billion yuan or $6.17 billion for this day’s money market, which is equivalent to the reverse repos to mature on Monday. Meanwhile, the central bank poured out 510 billion yuan from the money market in the past week. Overall, the PBOC withdrew 65 billion yuan on a net value from money markets in last year.
