China conducts 300-bln-yuan reverse repo operation

BEIJING, Sept. 22 (Xinhua) -- The People's Bank of China (PBOC), which is the country's central bank, on Monday conducted 300 billion yuan (about 41.2 billion U.S. dollars) of 14-day reverse repos, in the first such operation since it adjusted the tool's bidding rules last week.

The operation was carried out through fixed-volume, interest rate tenders with multiple bid prices, the PBOC said.

The central b