Sou Hu Cai Jing·2025-11-07 15:28Core Viewpoint - The central bank announced a 700 billion yuan reverse repurchase operation on November 5, with a term of three months, indicating a continued "stable and slightly loose" monetary policy approach [1] Group 1: Central Bank Operations - On November 5, the central bank will conduct a fixed-quantity, interest-rate tendering, multi-price bidding reverse repurchase operation amounting to 700 billion yuan, with a duration of 91 days [1] - In October, the central bank's net injection through open market treasury bond transactions was 20 billion yuan, which helps to support liquidity and stabilize bond market expectations [1] Group 2: Economic Analysis - The chief economist of CITIC Securities, Mingming, stated that the net injection of 20 billion yuan in October is beneficial for maintaining liquidity and stabilizing market expectations [1] - It is anticipated that the central bank may increase the scale of treasury bond purchases in November, depending on market conditions, to alleviate liquidity pressure [1]