中国央行将开展9000亿元买断式逆回购操作

Core Viewpoint - The People's Bank of China (PBOC) announced a 900 billion yuan reverse repo operation to maintain ample liquidity in the banking system, marking the fifth consecutive month of increased operations [1] Group 1: Monetary Policy Actions - The PBOC will conduct a 900 billion yuan buyout reverse repo operation with a six-month term starting January 15 [1] - In January, 600 billion yuan of six-month reverse repos are set to mature, making this operation an increase of 300 billion yuan compared to the previous month [1] - The PBOC previously conducted an 11 trillion yuan three-month reverse repo operation on January 8, indicating a consistent approach to liquidity management [1] Group 2: Market Implications - The increase in reverse repo operations is expected to support government bond issuance and encourage financial institutions to enhance credit supply [1] - The actions reflect a continued supportive stance in monetary policy, signaling the use of quantity-based policy tools to strengthen market liquidity [1]