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10000亿元!央行,最新操作!
券商中国·2025-11-24 10:04

Group 1 - The People's Bank of China (PBOC) announced a 1 trillion yuan Medium-term Lending Facility (MLF) operation to maintain liquidity in the banking system, marking the ninth consecutive month of increased MLF issuance [1][2] - The MLF net injection of 100 billion yuan in November is in response to potential liquidity tightening due to the maturity of 900 billion yuan in MLF and increased government bond financing [1][2] - The PBOC's recent operations, including MLF and reverse repos, have collectively released 600 billion yuan in medium-term liquidity, maintaining a stable monetary policy stance [2][3] Group 2 - Since March, the MLF has adopted a fixed quantity, interest rate bidding, and multiple price bidding method, enhancing the ability of financial institutions to meet diverse funding needs [2] - The MLF operation's bidding mechanism has been improved to allow institutions to better prepare for liquidity arrangements, with a focus on providing stable expectations for financial institutions [2][3] - The PBOC is expected to continue using both reverse repos and MLF to inject medium-term liquidity into the market, supporting economic stability and expectations [3]