# People’s Bank of China Uses Up to 600 Billion Yuan in Daily Reverse Repos to Manage Liquidity - Beijing Post

> The People's Bank of China has started using a new open-market overnight reverse repo tool, capped at 600 billion yuan a day. The aim is to smooth short-term liquidity and lower financing costs for commercial institutions.

- Date: 2026-11-02 · published 2026-11-02T00:09:21.988Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/74324-people-s-bank-of-china-uses-up-to-600-billion-yuan-in-daily-reverse-repos-to
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

This is a routine liquidity operation with no direct effect on feed supply or demand, so it has little price impact on grain, oilseed or meal markets.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2022-10-25 | [FX Daily: People’s Bank of China loosens its hold on the renminbi \| articles \| ING THINK](https://feedsoft.ai/events/39356-fx-daily-people-s-bank-of-china-loosens-its-hold-on-the-renminbi-articles-ing.md) | +0.6% | -1.7% |
| USDCNY | 2021-01-28 | [China's yuan inches up as tight liquidity pushes interbank rates higher \| Financial Post](https://feedsoft.ai/events/49361-china-s-yuan-inches-up-as-tight-liquidity-pushes-interbank-rates-higher.md) | -0.3% | -0.4% |
| USDCNY | 2020-02-20 | [Breaking: The People's Bank of China cut interest rates: AUD and Yuan sliding — Octa](https://feedsoft.ai/events/54798-breaking-the-people-s-bank-of-china-cut-interest-rates-aud-and-yuan-sliding-octa.md) | +0.3% | +0.7% |
| USDCNY | 2017-08-31 | [Chinese yuan continues to climb against USD - People's Daily Online](https://feedsoft.ai/events/69673-chinese-yuan-continues-to-climb-against-usd-people-s-daily-online.md) | -1.7% | +1.0% |
| USDCNY | 2017-11-02 | [People's Bank of China seen supporting yuan around Trump visit](https://feedsoft.ai/events/68225-people-s-bank-of-china-seen-supporting-yuan-around-trump-visit.md) | +0.3% | +0.2% |

## Sources

- beijingpost.com: https://beijingpost.com/people-s-bank-of-china-uses-up-to-600-billion-yuan-in-daily-reverse-repos-to-manage-liquidity

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.