PBOC open market operations today

  • To inject 30 bn yuan through 7-day reverse repos
  • To inject 10 bn yuan through 14-day reverse repos
  • To inject 10 bn yuan through 28-day reverse repos

The 50bn yuan injection today matching the 50bn maturing, for a net of zero on the day.

USD/CNY 'fixing' is a little weaker for the yuan.

--

Update --- Dalian iron ore futures down more than 6%

--

Some news about from China today that 'bond connect' with HK could be officially announced within two months.

Also, issuance of Wealth Management Products (WMPs) in China for April is down around 15% m/m. Tighter regulation impacting.