PBOC sets USD/CNY central rate at 6.8633 (vs. Friday at 6.8698)

China was closed on Monday and Tuesday, so the previous mid rate was back on Friday
For open market operations:
– To inject 180 bn yuan through 7-day reverse repos
That is a big injection of funds. I have seen reports that after maturing bills it’s a wash (i.e. injection matching maturities) – which I don’t think is correct.