BEIJING, Jan. 24 (Xinhua) -- A total of 614 billion yuan (about 95 billion U.S. dollars) of reverse repos are due to mature in the coming week, data from financial information service provider Wind showed.
On Wednesday, 280 billion yuan worth of reverse repos will be maturing, the biggest daily volume in the week, according to Wind.
Besides, a total of 240.5 billion yuan of the targeted medium-term lending facility (TMLF) is also expected to mature on Monday.
A reverse repo is a process in which the central bank purchases securities from commercial banks through bidding, with an agreement to sell them back in the future. The TMLF tool was introduced in December 2018 to encourage loans to small and private businesses. Enditem
