MK sports Korea headquarters of the People's Bank of China in Beijing Photo: IC" src="https://www.globaltimes.cn/Portals/0/attachment/2025/2025-01-09/a0b7897f-13f4-469f-a6e3-7203c4afbfc3.jpg" />

The headquarters of the People's Bank of China in Beijing Photo: IC

 
China's central bank conducted 123 billion yuan (about 17.11 billion U.S. dollars) of seven-day reverse repos at an interest rate of 1.5 percent on Monday.

The move aims to keep liquidity in the banking system at an adequate level, the central bank said.

A reverse repo is a process in which the central bank purchases securities from commercial banks through bidding, with an agreement to sell them back in the future.