Group 1 - The People's Bank of China (PBOC) announced a buyback reverse repo operation of 1.1 trillion yuan to maintain liquidity in the banking system, with a term of 3 months (90 days) [1] - The operation is a continuation of the 1.1 trillion yuan of 3-month reverse repos maturing in January, indicating no increase in liquidity despite the unchanged amount [1] - The Ministry of Finance plans to expedite the issuance of new local government debt limits for 2026 to support key projects and align with budget preparations, which may tighten the funding environment [1] Group 2 - Analysts suggest that the PBOC's reverse repo operations aim to inject medium-term liquidity into the banking system, stabilizing the funding environment while supporting government bond issuance and encouraging financial institutions to increase credit supply [2]
中国央行8日开展1.1万亿元买断式逆回购操作
Xin Lang Cai Jing·2026-01-07 13:06