The People’s Bank of China (PBoC) left its seven-day reverse repos (short-term cash injections) at zero on Thursday, August 13, marking a third straight day without those operations as demand from primary dealers guided the decision. Separately, the central bank said it will conduct up to CNY 600 billion of overnight reverse repos per day on August 14 and August 17-19. The PBoC said these tools are used to "fine-tune cash conditions" in the banking system, showing it is managing short-term funding through overnight operations while balancing market demand with funding stability.