People's Bank of China skips OMOs today

  • none maturing either (thus OMOs neutral today)
  • For the week, net 410bn yuan injection via OMOs

---

PBOC purchased net 7.42 billion yuan of forex in April

  • followed a rise of 7.84 billion yuan recorded in March

The PBOC purchases foreign currency generated by China's trade surplus and foreign investment in the country

  • an important indicator of cross-border foreign capital flows and domestic yuan liquidity
  • An increase in the funds usually signals eased capital flight pressure