China's central bank conducts 300-bln-yuan outright reverse repo operation

The People's Bank of China, the country's central bank, on Wednesday conducted a 300-billion-yuan (about 43.92 billion U.S. dollars) outright reverse repo operation to maintain ample liquidity in the banking system.

The operation has a fixed quantity and is carried out through interest-rate bidding, with winning bids determined at multiple price levels. It has a tenor of three months, or 91 days, according to the central bank.

Outright reverse repo operations -- a tool the central bank introduced in October 2024 to manage liquidity in the national banking system -- are conducted each month with a tenor of no more than one year.

These operations have enriched the country's monetary policy toolkit, complementing previous measures such as temporary repos, temporary reverse repos, and the purchase and sale of treasury bonds.

China's central bank conducts 300-bln-yuan outright reverse repo operation

The Tianzhou-9 cargo craft, tasked with carrying supplies for China's space station, undocked from the station combination at 16:34 Wednesday (Beijing Time) and switched to independent flight, according to the China Manned Space Agency (CMSA).

The cargo craft will re-enter the atmosphere in a controlled manner at an appropriate time. During the process, a small amount of debris that survives the ablation will fall into the designated safe waters, the CMSA said.

Tianzhou-9 was launched on July 15, 2025 from the Wenchang Spacecraft Launch Site in the southern island province of Hainan, and then docked with the orbiting Tiangong space station. It carried supplies including astronaut consumables for in-orbit stay, propellant and application experiment equipment.

China's Tianzhou-9 cargo craft undocks from space station combination