中国人民银行开展7000亿元买断式逆回购操作

Core Viewpoint - The People's Bank of China (PBOC) is conducting a 700 billion yuan reverse repurchase operation to maintain liquidity in the banking system, indicating a continuation of monetary policy measures to support liquidity management [1] Group 1: Reverse Repo Operations - On November 5, the PBOC conducted a 700 billion yuan buyout reverse repo operation with a term of 3 months (91 days) [1] - This operation is a continuation of the 700 billion yuan 3-month reverse repos maturing in November, indicating a rollover of liquidity support [1] - The PBOC has introduced the buyout reverse repo tool in October 2024 to enhance liquidity management within a year [1] Group 2: Market Data - In October 2023, the PBOC conducted reverse repos amounting to 17 trillion yuan, with 13 trillion yuan being withdrawn, resulting in a net injection of 4 trillion yuan [1] - Additionally, on the same day, the PBOC executed a 655 billion yuan 7-day reverse repo operation at a fixed rate of 1.40%, maintaining the same rate as the previous operation [1]