6000亿元!央行,最新预告!
券商中国·2025-12-12 14:53

Core Viewpoint - The People's Bank of China (PBOC) is implementing a buyout reverse repurchase operation of 600 billion yuan with a six-month term to inject liquidity into the banking system, continuing a trend of increasing liquidity measures for seven consecutive months [1][2]. Group 1 - The PBOC will conduct a total of 1.6 trillion yuan in reverse repurchase operations in December, with a net injection of 200 billion yuan after accounting for 1.4 trillion yuan in maturing operations [2]. - The central bank aims to stabilize liquidity in response to potential tightening, as various factors, including high government bond issuance and the maturity of interbank certificates of deposit, could lead to a tightening effect on liquidity [2]. - The liquidity tool system in China is comprehensive, covering international liquidity tools, with reverse repos, MLF, and other instruments effectively managing daily liquidity supply [3]. Group 2 - The PBOC's use of various tools has maintained overall stability in the money market, with short-term interest rates fluctuating slightly around policy rate levels, ensuring ample liquidity in the banking system [2][3].