央行：明日操作9000亿元

Group 1 - The central bank announced a 900 billion yuan reverse repo operation with a fixed amount and interest rate, set to take place on January 15, with a term of 6 months (181 days) [2] - This operation marks the fifth consecutive month of increased 6-month reverse repos, with an additional 100 billion yuan compared to the previous month, and is part of an ongoing effort to inject liquidity into the market [2] - Analysts believe this move aims to create a favorable liquidity environment for government bond issuance and credit growth at the beginning of the year, ensuring a stable funding situation [2][3] Group 2 - January is a month with concentrated bank credit issuance and significant tax payments, leading to increased liquidity demand in the market [3] - The central bank's net injection through reverse repos is expected to maintain ample market liquidity and support stable financial market operations at the year's end and beginning [3] - The central bank is likely to continue using various tools, including reverse repos and medium-term lending facilities (MLF), to ensure liquidity remains abundant throughout 2026 [3]