The People's Bank of China (PBOC) conducted a 7-day reverse repo operation of RMB280 billion today (15th), with the operation rate remaining unchanged at 1.4%. With RMB191.5 billion of reverse repos maturing today, the net injection for the day is RMB88.5 billion. Related NewsRetail Sales YoY for Aug in China is 3.4%, lower than the previous value of 3.7%. The forecast was 3.8%.