4月央行开展12000亿元买断式逆回购操作

Core Viewpoint - The People's Bank of China (PBOC) has conducted a total of 1.2 trillion yuan (approximately 120 billion) in reverse repos in April to maintain ample liquidity in the banking system [1] Group 1: Reverse Repo Operations - In April, the PBOC executed a buyback reverse repo operation amounting to 1.2 trillion yuan, with 700 billion yuan allocated for a 3-month term and 500 billion yuan for a 6-month term [1] - The reverse repo operations were conducted using a fixed quantity, interest rate bidding, and multiple price-level bidding methods [1] - This tool, introduced in October 2024, enhances the liquidity management capabilities for periods within one year, contributing to more refined liquidity management [1] Group 2: Market Operations - On the same day, the PBOC announced that there were no public market operations for government bonds in April [1]