Group 1 - The People's Bank of China (PBOC) will conduct a 1 trillion yuan reverse repurchase operation on September 5, with a term of 3 months (91 days) to maintain ample liquidity in the banking system [1] - The operation on September 5 is a rollover of the same amount of reverse repos maturing on that date, indicating a continuation of the current liquidity management strategy [1] - Experts anticipate that the PBOC may also conduct a 6-month reverse repurchase operation later in September, with a possibility of increasing the amount [1] Group 2 - The PBOC is expected to utilize both reverse repos and Medium-term Lending Facility (MLF) tools to inject medium-term liquidity into the market, which will help stabilize market expectations and support government bond issuance [2] - The 2025 Q2 monetary policy report emphasizes the need to maintain ample liquidity and align the growth of social financing and money supply with economic growth and price level expectations [2]
10000亿元，央行明日开展操作
Zhong Guo Zheng Quan Bao·2025-09-04 15:01