Outright Reverse Repo in China increased to 1100 CNY Billion in January 2026 from 1000 CNY Billion in December of 2025. Outright Reverse Repo in China averaged 1168.75 CNY Billion from 2024 until 2026, reaching an all time high of 1700.00 CNY Billion in January of 2025 and a record low of 500.00 CNY Billion in October of 2024.

Outright Reverse Repo in China increased to 1700 CNY Billion in October from 1600 CNY Billion in September of 2025.

China Outright Reverse Repo

Outright reverse repurchase agreements (repos) conducted by the People's Bank of China were first announced in October of 2024, injecting liquidity to the financial system by having primary dealers bid in interest rates. Unlike the PBoC's standard reverse repo operations, outright operations are for higher tenors from three months to one year. Additionally, the repo collateral is transferred to the PBoC's account, instead of just pledged by primary dealers.