Group 1 - The People's Bank of China (PBOC) will conduct a 600 billion MLF operation on September 25, 2025, to maintain ample liquidity in the banking system, with a one-year term [1] - In September, there is a net injection of 300 billion MLF due to 300 billion MLF maturing, marking the seventh consecutive month of increased MLF operations, aligning with market expectations [1] - The total net liquidity injection for September is 600 billion, consistent with the previous month, indicating sustained high levels of net injection [1] Group 2 - The current period is characterized by a peak in government bond issuance and significant credit expansion, with the PBOC's actions viewed as a strong signal of continued supportive monetary policy [2] - The PBOC is expected to utilize various monetary policy tools to enhance short- and medium-term liquidity, further supporting government bond issuance and increased credit [2] - Financial institutions are being guided to increase support for major strategies, key areas, and weak links, ensuring sufficient market liquidity [2]
央行发布公告，将开展6000亿元MLF操作
Jin Rong Shi Bao·2025-09-24 10:49