Group 1 - The People's Bank of China (PBOC) announced a 1.1 trillion yuan reverse repurchase operation with a term of 3 months, indicating a continuation of liquidity support in the market [1] - In January, a total of 1.7 trillion yuan in reverse repos will mature, and the market expects further operations to maintain liquidity stability [1][2] - The central bank is likely to use reverse repos and Medium-term Lending Facility (MLF) to manage liquidity amid government bond issuance and tax payments [2][3] Group 2 - The Ministry of Finance has completed the first batch of 2026 government bond issuance, indicating an increase in government bond scale for the year [2] - Experts predict that the government will maintain necessary fiscal deficits and expand fiscal spending, leading to a higher issuance of government bonds in 2026 [2] - The central bank's actions are aimed at ensuring a stable funding environment to accommodate the increased supply of government bonds [2]
央行将开展1.1万亿元买断式逆回购操作！
证券时报·2026-01-07 15:39