PBoC injects CNY 100bln via 7-day reverse repos with rate maintained at 1.40%, results to a net drain of CNY 1.16tln which is the largest since October last year

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PBoC injects CNY 100bln via 7-day reverse repos with rate maintained at 1.40%, results to a net drain of CNY 1.16tln which is the largest since October last year

PRE-MARKET CHINESE STOCK NEWS: CRRC Corporation (601766 CH) disclosed new contract wins worth CNY 51.6bln for the April-June period; Hong Kong markets are closed for a holiday

PBoC sets USD/CNY mid-point at 6.8067 vs exp. 6.7795 (prev. 6.8109)

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