The People's Bank of China (PBOC) conducted a 7-day reverse repo operation of RMB142.5 billion today (23rd), with the operation rate remaining unchanged at 1.4%. Today, RMB106.5 billion of reverse repos matured, resulting in a net injection of RMB36 billion for the day. Related NewsIndustrial Production YoY for April in China is 6.1%, lower than the previous value of 7.7%. The forecast was 5.5%.