9月15日，央行将开展6000亿元买断式逆回购操作

Core Viewpoint - The People's Bank of China (PBOC) announced a 600 billion yuan reverse repurchase operation to maintain ample liquidity in the banking system, scheduled for September 15, 2025, with a term of 6 months [1][2]. Group 1 - The PBOC will conduct a fixed-quantity, interest-rate bidding, multi-price reverse repurchase operation amounting to 600 billion yuan [1][2]. - This operation is intended to offset the maturity of 300 billion yuan in 6-month reverse repos due in September [1][3]. - The total amount of reverse repos for September, including the 3-month reverse repos, will result in a cumulative increase of 300 billion yuan, marking the fourth consecutive month of increased operations [3]. Group 2 - Industry experts anticipate that the management will continue to utilize monetary policy tools to inject medium-term liquidity into the market, aiming to stabilize market expectations and maintain sufficient liquidity [4].