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China central bank restarts open market operations

China's central bank restarted reverse repo on Thursday to offset the impact of maturing securities after halting such operations for five consecutive working days. The operation includes 30 billion yuan (about 4.5 billion U.S. dollars) of seven-day reverse repo priced to yield 2.55 percent, offsetting the 30 billion yuan of maturing contracts on Friday, according to the People's Bank of China. A reverse repo is a process by which the central bank bids and buys securities from commercial banks, with an agreement to sell back in the future. [...]