People's Bank of China reference rate for onshore yuan is a touch stronger (for the CNY) today

In Open Market operations,

  • PBOC inject 100bn yuan through 7-day reverse repos in open market operations (OMOs) today
  • inject 20bn through 14 day RRs

Net 120bn yuan

The bank has popped a bit of extra liquidity in using RRs the last two days … lets see how it impact on stocks there