China's central bank injects liquidity through reverse repos.

China's central bank conducted a 7-day reverse repurchase agreement on Monday, providing 2 billion yuan (approximately 281.52 million US dollars) to commercial banks at an interest rate of 1.8 percent. The goal of this move is to maintain reasonable and sufficient liquidity in the banking system, as reported by Xinhua citing the People's Bank of China. In a reverse repo, the central bank buys securities from commercial banks through a bidding process, with an agreement to sell them back in the future.