Core Viewpoint - The People's Bank of China (PBOC) announced a 1 trillion yuan reverse repo operation to maintain liquidity in the banking system, with a maturity of 3 months, coinciding with significant upcoming financial events [1] Group 1: Monetary Policy Actions - On September 5, the PBOC will conduct a 1 trillion yuan reverse repo operation, which is equivalent to rolling over the same amount of 3-month reverse repos maturing on the same day [1] - The operation will be conducted through a fixed quantity, interest rate bidding, and multiple price level bidding method [1] Group 2: Market Conditions - The government bond issuance is expected to peak in September, contributing to the need for liquidity support [1] - The maturity of interbank certificates of deposit in September is projected to reach 3.5 trillion yuan, marking the second-highest level this year [1] - The strengthening stock market has led to a noticeable "migration" of household deposits, which may tighten the funding environment [1]
央行官宣开展10000亿元买断式逆回购!明日注入市场
2 1 Shi Ji Jing Ji Bao Dao·2025-09-04 13:13