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PBOC injects 250 billion yuan ahead of tax payments peak

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The People's Bank of China net injected 250 billion yuan ($35 billion) into the banking system via open market operations, or seven-day reverse repurchase agreements, the largest amount since May this year, head of the upcoming peak of corporate tax payments.

There were no facilities coming due Tuesday, and the central bank kept the rate steady at 2.55 per cent. China’s 10-year bond yield was little changed at 3.22 per cent . . .

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