PBoC announces an adjustment to the temporary overnight reverse repurchase and outright repurchase agreement time which is to be set between 15:00-15:30 local time (08:00-08:30BST/03:00-03:30EDT)

Says: Meant to ensure flexible and efficient use of temporary overnight reverse and outright repurchase agreements in the open market, while operating rates will be set at the 7-day reverse repurchase rate in the open market minus 25bps and plus 25bps, respectively. Will act when the money market overnight rate remains consistently below or above the respective operation rates of the tools. To pilot offshore yuan and digital yuan transactions. Announced Shanghai offshore finance development plan.