The People's Bank of China (PBOC) conducted a 7-day reverse repo operation of RMB106.5 billion today (16th), with the operation rate remaining unchanged at 1.4%. With RMB77 billion of reverse repos maturing today, the net injection for the day is RMB29.5 billion. Related NewsByteDance Expects Rev. to Grow 20% to US$186B This Yr, Comparable to Meta: Wire