9000亿元！央行预告

Core Viewpoint - The People's Bank of China (PBOC) is set to conduct a 900 billion yuan MLF operation on October 27, aiming to maintain ample liquidity in the banking system [1] Group 1: Monetary Policy Actions - The PBOC will implement a fixed quantity, interest rate bidding, and multiple price bidding method for the MLF operation [1] - In October, the central bank has also conducted a net injection of 400 billion yuan through reverse repos, leading to a total net liquidity injection of 600 billion yuan for the month, consistent with the previous month [1] Group 2: Economic Context - Over the past five months, there has been a continuous net injection of medium-term liquidity, with a significant increase in the net injection scale over the last three months [1] - The expected net financing of government bonds in October is projected to reach one trillion yuan [1] Group 3: Regulatory and Policy Signals - Regulatory authorities are encouraging financial institutions to increase credit issuance [1] - The PBOC's ongoing implementation of net liquidity injections signals a sustained commitment to quantitative monetary policy tools [1] - The central bank aims to ensure liquidity is ample, reduce overall financing costs, support consumption, expand effective investment, and stabilize the financial market [1]