PBOC to inject 150 billion yuan via seven-day reverse repos

SHANGHAI (Reuters) - China's central bank will inject 150 billion yuan ($23.5 billion) into the money markets through seven-day reverse bond repurchase agreements on Tuesday, traders said.

Maturing reverse repos will drain a net 300 billion yuan from the banking system this week.

The People's Bank of China (PBOC) conducted a net injection of 60 billion yuan into the banking system last week.

(Reporting by the Shanghai Newsroom; Editing by Jacqueline Wong)