Group 1 - The People's Bank of China (PBOC) announced a large-scale reverse repurchase operation of 1 trillion yuan on June 6, breaking the convention of announcing such operations at the end of the month [1] - The operation will include 500 billion yuan of 3-month reverse repos, with a total of 5 trillion yuan of 3-month and 7 trillion yuan of 6-month reverse repos maturing in June [1] - This move aims to maintain ample liquidity in the banking system and stabilize market expectations amid a peak period for bank interbank certificates of deposit [2] Group 2 - The PBOC's early announcement of the reverse repo operation is intended to encourage banks to increase credit to the real economy and support government bond issuance [2] - The central bank is expected to continue using various liquidity management tools, including reverse repos and medium-term lending facilities (MLF), to ensure sustained liquidity in the banking system [2] - June is typically a month of high credit demand, and the early operation allows financial institutions to better manage their liquidity needs [2]
打破月末公布惯例 央行首次月初预告大规模买断式逆回购操作
Xin Hua Cai Jing·2025-06-05 12:14