中国人民银行将开展4000亿元买断式逆回购操作

Core Viewpoint - The People's Bank of China (PBOC) is taking measures to ensure ample liquidity in the banking system by conducting a 400 billion yuan reverse repurchase operation on June 16, with a term of 6 months [1] Group 1: Reverse Repo Operations - On June 6, the PBOC conducted a 1 trillion yuan reverse repurchase operation with a term of 3 months [1] - A total of 1.2 trillion yuan in reverse repos will mature throughout June, leading to a net liquidity injection for the month after the two operations [1] - The reverse repo tool was introduced in October 2024 to enhance liquidity management and cross-period adjustment capabilities for terms under one year [1] Group 2: Market Conditions - June is a critical period for liquidity assessment due to the half-year end, coupled with a large number of interbank certificates maturing [1] - Financial institutions are expected to have a high demand for liquidity throughout June, prompting the PBOC to provide mid-term funding support in advance [1]