PBoC announces an adjustment to the temporary overnight reverse repurchase and outright repurchase agreement time which is to be set between 15:00-15:30 local time (08:00-08:30BST/03:00-03:30EDT)

Says:

• Meant to ensure flexible and efficient use of temporary overnight reverse and outright repurchase agreements in the open market, while operating rates will be set at the 7-day reverse repurchase rate in the open market minus 25bps and plus 25bps, respectively.
• Will act when the money market overnight rate remains consistently below or above the respective operation rates of the tools.
• To pilot offshore yuan and digital yuan transactions.
• Announced Shanghai offshore finance development plan.