USD / CNY middle point for the day from the PBOC

On behalf of the bank, I'll just let you know trading is permitted plus or minus 2% from this rate ... anything further will be met with stern disapproval and intervention! If you are trading USD/CNH, though, anything goes.

In Open Market Operations the People's Bank of China

  • to inject 130 bn yuan via 7 day reverse repos
  • to inject 120 bn yuan through 14 day reverse repos

Net injection 140bn yuan

more to come