6000亿元，央行宣布：明日操作

Core Viewpoint - The People's Bank of China (PBOC) is set to conduct a 600 billion yuan reverse repurchase operation on October 15, marking a continued increase in liquidity support for the market, with a cumulative net injection of 400 billion yuan for the month of October [1][6]. Group 1: Reverse Repo Operations - The PBOC has been consistently conducting reverse repurchase operations since October last year to address medium to long-term funding gaps [6]. - In October, the PBOC is expected to conduct a total of 1.7 trillion yuan in reverse repurchase operations, despite a maturity amount of 1.3 trillion yuan [6]. - The fixed-rate, multi-price bidding method for the reverse repo operation aims to stabilize market expectations [1][6]. Group 2: Market Liquidity and Policy Outlook - The PBOC's monetary policy committee has emphasized the need to "maintain ample liquidity" during its third-quarter meeting for 2025 [6]. - Analysts predict that the PBOC will continue to utilize various monetary policy tools to support market liquidity in the fourth quarter [6]. - The MLF (Medium-term Lending Facility) has also seen an increase in operations for seven consecutive months, providing stable expectations for financial institutions [7]. Group 3: Government Bond Operations - There is a growing expectation in the market for the PBOC to resume open market operations for government bonds, which could help boost market confidence [7]. - As of the end of August, the PBOC's balance sheet showed a decrease of over 580 billion yuan in "claims on the central government," indicating potential for larger liquidity absorption as previously purchased bonds mature [7].