央行出手：10000亿元！明日注入市场

Group 1 - The People's Bank of China (PBOC) announced a 10 trillion yuan reverse repurchase operation to maintain liquidity in the banking system, set to take place on September 5, 2025, with a term of 3 months (91 days) [1] - On September 5, 2025, a 10 trillion yuan reverse repurchase operation will mature, indicating a continuation of the same amount for the month [1] - The operation is aimed at ensuring sufficient liquidity in the market, especially during a peak period for government bond issuance and significant maturity of interbank certificates of deposit [6] Group 2 - The PBOC is expected to continue its previous three-month reverse repurchase operation model in September to address tightening liquidity conditions [6] - In addition to the reverse repurchase operations, there is also a possibility of increasing the amount of Medium-term Lending Facility (MLF) due to 300 billion yuan maturing in September [6] - The combined use of MLF and reverse repurchase tools is intended to stabilize market expectations and maintain ample liquidity, supporting government bond issuance [6] Group 3 - The reverse repurchase operation, introduced in October 2024, allows the PBOC to lend funds by purchasing bonds from primary dealers, enhancing liquidity management [7] - As of early September 2025, the PBOC has conducted multiple reverse repurchase operations, indicating a proactive approach to liquidity management [7]