Group 1 - The People's Bank of China (PBOC) announced a 700 billion yuan reverse repurchase operation with a 3-month term to maintain liquidity in the banking system [1][4] - There are expectations for an additional 6-month reverse repurchase operation within August, alongside an increase in the Medium-term Lending Facility (MLF) to ensure net liquidity injection [1][5] - The PBOC's actions are aimed at alleviating concerns over fluctuations in funding prices for August, creating a favorable environment for overall liquidity throughout the month [5] Group 2 - In August, there are significant maturities including 400 billion yuan for 3-month and 500 billion yuan for 6-month reverse repos, as well as 300 billion yuan for MLF, which may impact banking liquidity [4] - The PBOC has maintained a trend of conducting multiple reverse repurchase operations within a month, indicating a proactive approach to liquidity management [5] - The central bank's commitment to a moderately accommodative monetary policy is reinforced by the recent meeting, suggesting continued use of various monetary policy tools to ensure ample liquidity [5]
7000亿元,央行出手
Zheng Quan Shi Bao·2025-08-07 12:11