China conducts outright reverse repo operations

BEIJING, Nov. 29 (Xinhua) -- China's central bank announced on Friday that it has conducted "outright reverse repo" operations, marking the second use of this monetary policy tool since it was introduced in October this year.

In a statement, the People's Bank of China said it carried out the operations in the amount of 800 billion yuan (about 111.3 billion U.S. dollars) through a variable-rate tender with a fixe