China’s central bank will inject 90 billion yuan (HK$110 billion) into money markets through reverse bond repurchase agreements on Saturday, traders said, meaning it will drain a net 20 billion yuan from the market this week.

The People’s Bank of China (PBOC) will make the injection of 90 billion yuan through five-day reverse repos.

The central bank delayed its operations from the customary Tuesday and Thursday slots due to a national holiday to mark the new calendar year in the first week of January.