Chinese Central Bank

The world's No.2 economy has faced pressure this year due to U.S. President Donald Trump's imposition of tariffs on Chinese products and persistent deflationary pressure at home

The broader-than-expected package marks the latest attempt by Chinese officials to restore confidence in the world's second-largest economy after a slew of disappointing data

Monday's reverse repo operation was meant to "keep month-end banking system liquidity conditions reasonably ample," the central bank said in an online statement.

Fiscally, Chinese governments at various levels are under stress, he told the annual Bund Summit conference

Stocks in Hong Kong, where many of China's biggest companies trade, fell more than 1 percent Monday, while shares in mainland China were down about 0.50 per cent

The IMF raised the yuan's weighting to 12.28 per cent from 10.92

The move comes amid broader efforts by Chinese policymakers to prevent systemic financial risks and curb rising debt

The Chinese Central Bank subscribed to the recent ICICI Bank's Rs 15,000 crore capital QIP placement and invested Rs 15 crore

Reverse repos worth 120 billion yuan matured on Tuesday

The central bank also said a review it carried out found that some banks which previously didn't meet the criteria for preferential ratios now do so