Reverse repos worth 510 billion yuan to mature

BEIJING - A total of 510 billion yuan ($75.9 billion) of reverse repos are to mature in the coming week, data by financial information service provider Wind showed.

On Thursday, 140 billion yuan of reverse repos will mature, the biggest daily volume, according to Wind.

Besides, a total of 400 billion yuan of a medium-term lending facility (MLF) is also expected to mature in the next week.

A reverse repo is a process in which the central bank purchases securities from commercial banks through bidding, with an agreement to sell them back in the future. The MLF tool was introduced in 2014 to allow commercial and policy banks to borrow from the central bank using securities as collateral.

China will pursue a prudent monetary policy more flexibly and appropriately, according to this year's government work report.