Zheng Quan Shi Bao·2025-10-09 04:43Group 1 - The People's Bank of China (PBOC) conducted a 1.1 trillion yuan three-month reverse repurchase operation on October 9, marking the first working day after the National Day and Mid-Autumn Festival holiday [1] - In October, there is a total of 1.3 trillion yuan maturing, with the PBOC expected to continue net injections through reverse repurchase operations [1] - The central bank has been actively using various monetary policy tools, including medium-term lending facilities (MLF) and reverse repos, to maintain liquidity in the market [2] Group 2 - The PBOC's monetary policy committee emphasized the need to keep liquidity ample and guide financial institutions to increase credit supply, aligning social financing growth with economic growth and price level expectations [2] - Analysts expect the PBOC to maintain a flexible and anticipatory policy approach in response to domestic demand shortages and ongoing global uncertainties [2] - The continuous increase in reverse repurchase operations and MLF indicates a commitment to supporting government bond issuances during a peak issuance period [2]