People's Bank of China

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People's Bank of China

Citizens walk past the Hangzhou Central branch of the People's Bank of China in Hangzhou, east China's Zhejiang province, June 13, 2023. On the same day, the People's Bank of China issued an announcement that in order to maintain reasonable and abundant liquidity in the banking system, on June 13, 2 billion 7-day reverse repurchase operations were carried out by interest rate bidding, and the winning interest rate was 1.9%, down 10 basis points from the previous trading day, and the first reduction since mid-August 2022. (Photo by Costfoto/NurPhoto)


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