China’s central bank conducts 500 billion yuan of outright reverse repos in October

SHANGHAI (Reuters) – China’s central bank said on Thursday it conducted 500 billion yuan ($70.24 billion) of outright reverse repurchase agreements in October.

The tenor of the reverse repos was six months.

Separately, the central bank said it had purchased a net 200 billion yuan of government bonds from primary dealers in open market operations in October, according to official statements.

($1 = 7.1180 Chinese yuan renminbi)

(Reporting by Shanghai Newsroom; Editing by Christina Fincher)