山东省首单通用回购代理业务落地

Group 1 - The first general repurchase agency business in Shandong Province was successfully launched by Linshang Bank under the guidance of the People's Bank of China, marking a significant breakthrough in financial market innovation in Linyi City [1] - The general repurchase business, approved by the People's Bank of China, is a key outcome of the innovation in the interbank repurchase market, enhancing the efficiency of fund and collateral turnover while simplifying operational processes [1] - The People's Bank of China in Linyi City is committed to promoting collaboration between local banks and the Shanghai Clearing House, aiming to enhance the research and promotion of innovative financial products and tools [2] Group 2 - In September 2025, the general repurchase business mechanism underwent a significant upgrade, expanding both the participant and eligible collateral ranges [2] - The People's Bank of China in Linyi City has been actively supporting Linshang Bank in refining its business systems and functionalities to facilitate the rapid implementation of the general repurchase business [2] - The introduction of the general repurchase business is expected to enrich Linshang Bank's liquidity management toolkit, significantly improving the flexibility and efficiency of fund circulation [2]