The People's Bank of China (PBOC) conducted a seven-day reverse repo operation today (9th) in the open market, amounting to RMB113 billion, with the operation rate remaining at 1.4%. RMB75 billion of reverse repos matured today, resulting in a single-day net injection of RMB38 billion. Related NewsM2 Money Supply YoY for Jan in China is 9%, higher than the previous value of 8.5%. The forecast was 8.4%.