The People's Bank of China has introduced a repo facility that will provide renminbi liquidity to eligible foreign central bank-type institutions, as part of measures to support the further opening of China's financial market and to facilitate offshore official-sector renminbi liquidity management. Eligible users are foreign central banks or monetary authorities, international financial organizations and sovereign wealth funds. The facility will operate through both collateralized and outright repo transactions. Eligible securities include Chinese government bonds, central bank bills, policy bank bonds and other high-grade renminbi bonds approved by the People's Bank of China. Available tenors are seven days, one month and three months, with pricing set as a spread over the open market seven-day reverse repo rate.
Central Bank of the Republic of China2026-06-17
People's Bank of China launches repo facility for eligible foreign central bank institutions to access renminbi liquidity
The People's Bank of China has launched a repo facility to provide renminbi liquidity to eligible foreign central bank-type institutions. It is open to foreign central banks or monetary authorities, international financial organizations and sovereign wealth funds. The facility covers seven-day, one-month and three-month transactions against approved high-grade renminbi bonds at a spread over the seven-day reverse repo rate.