China's central bank conducts no 7-day reverse repo operation on October 20
In short
China's central bank announced that its 7-day reverse repo operation volume on October 20, 2026 was zero, citing the demand of primary dealers in open market operations. 36Kr reported that 65 billion yuan of 7-day reverse repos matured the same day, a net withdrawal of 65 billion yuan.
Read the full story 1 min read
The central bank announced that its 7-day reverse repo operation volume for October 20, 2026 was zero. CLS and China News Service both said the announcement was made according to the demand of primary dealers in open market operations. China News Service said its report was based on information from the central bank's website. Yicai also reported that the October 20 volume was zero. [ 1 , 2 , 4 ]
36Kr, which published at 09:23, reported that 65 billion yuan of 7-day reverse repos matured on the same day, so the central bank achieved a net withdrawal of 65 billion yuan. The other documents do not give this figure. [ 3 ]
Why it matters
The documents are short notices and give no assessment of the effect on markets. They show that no new 7-day reverse repo funds were offered on the day, and one outlet reports a resulting net withdrawal.
Key facts
- The central bank announced that its 7-day reverse repo operation volume on October 20, 2026 was zero. [ 1 , 2 , 3 , 4 ]
- The announcement said the volume was set according to the demand of primary dealers in open market operations. [ 1 , 4 ]
- China News Service said the information came from the central bank's website. [ 4 ]
- 36Kr reported that 65 billion yuan of 7-day reverse repos matured on October 20. [ 3 ]
- 36Kr reported a net withdrawal of 65 billion yuan for the day. [ 3 ]
Confirmed by several sources
- The central bank's 7-day reverse repo operation volume on October 20, 2026 was zero, according to its announcement carried by China News Service from the central bank website and reported by CLS, Yicai and 36Kr. [ 1 , 2 , 3 , 4 ]
- The announcement cited the demand of primary dealers in open market operations as the basis. [ 1 , 4 ]
Still unclear
- Whether the day's net withdrawal was 65 billion yuan. Only 36Kr gives the figure of 65 billion yuan maturing and a net withdrawal of the same size; the other documents do not mention it.
What local media are saying
Timeline, local time
- CLS published the central bank's announcement of zero 7-day reverse repo volume for October 20. [ 1 ]
- Yicai published its report that the October 20 7-day reverse repo volume was zero. [ 2 ]
- 36Kr reported the zero volume and a net withdrawal of 65 billion yuan. [ 3 ]
- China News Service published the announcement, citing the central bank's website. [ 4 ]