| 货币政策司 Monetary Policy Department | 中国人民银行 THE PEOPLE'S BANK OF CHINA | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 信货政策 | 缅甸发布 法律法制 货币改革 宏观审模 | 全融市场 | 全融稳定 | 骗便硬件 | 银行会计 | 支付体系 | | 人员招录 | 信息公开 金融科技 人民币 经理国库 国际交往 | 学术交流 | 征信管理 | 反选钱 | 党建工作 | | | 央行研究 | 政策解读 公告信息 要 文石膏 破务公开 | 音频视频 | 市场动态 | 网 日 对了 | 假告下载 | 报刊年签 | | 阿上调查 | 服务互动 网送文告 办事大厅 在线电报 下载中心 | 空见征集 | 全融知识 | 关于我们 | | | | 我的位置:首页 > 货币政策司 > 货币政策工具 > 公开市场业务 > 公开市场业务会 信号入程学关键字 | 首 页 日人生 | | | | 投索 | 甘肃总证 | | 云母 六 中 小 文章来源:货币政策司 2025-12-03 09:20:3 ...

公开市场业务方面，7天期逆回购净投放-5562亿元，其他期限逆回购净投放5000亿元，公开市场国债买 卖净投放500亿元，中央国库现金管理净投放800亿元。 北京商报讯(记者刘四红)12月2日，中国人民银行官网发布2025年11月中央银行各项工具流动性投放情 况，数据显示，11月，中央银行贷款方面，常备借贷便利净投放-3亿元，中期借贷便利净投放1000亿 元，抵押补充贷款净投放254亿元，其他结构性货币政策工具净投放1150亿元。 ...

央行发布2025年11月中央银行各项工具流动性投放情况，其中11月公开市场国债买卖净投放500亿元，为连续第二个月开展国债买卖操作。 | 工具类型 | 工具名称 | 投放 | 回笼 | 净投放 | | --- | --- | --- | --- | --- | | 准备金 | 调整法定存款准备金率 | - | - | - | | 中央银行贷款 | 常备借贷便利(SLF) | 8 | 11 | -3 | | | 中期借贷便利(MLF) | 10000 | 9000 | 1000 | | | 抵押补充贷款(PSL) | 254 | 0 | 254 | | | 其他结构性货币政策工具 | 6108 | 4958 | 1150 | | 公开市场业务 | 7天期逆回购 | 48056 | 53618 | -5562 | | | 其他期限逆回购 | 15000 | 10000 | 5000 | | | 公开市场国债买卖 | 500 | 0 | 500 | | | 中央国库现金管理 | 2000 | 1200 | 800 | | | 文章来源: | 2025-12-02 18:00:00 | | --- | --- | - ...

Core Viewpoint - The People's Bank of China (PBOC) is conducting a 800 billion yuan reverse repurchase operation to maintain liquidity in the banking system, with a term of 6 months [1]. Group 1: Monetary Policy Actions - On November 17, 2025, the PBOC will implement a fixed quantity, interest rate bidding, and multi-price bidding method for the reverse repurchase operation [1]. - The operation aims to ensure sufficient liquidity within the banking system [1].

Core Viewpoint - The People's Bank of China (PBOC) has resumed public market treasury bond trading operations in October after a suspension earlier in the year, indicating a positive shift in the bond market dynamics [1] Group 1: Market Operations - In October, the PBOC conducted public market treasury bond trading operations with a net injection of 20 billion yuan [1] - PBOC Governor Pan Gongsheng stated that the bond market is currently operating well, which led to the decision to resume trading operations [1] Group 2: Liquidity Tools Overview - The PBOC's liquidity injection and withdrawal data for various monetary policy tools in October includes: - Central bank loans through Medium-term Lending Facility (MLF) saw a net injection of 2000 million yuan, with 9000 million yuan injected and 7000 million yuan withdrawn [2] - Short-term reverse repos had a net withdrawal of 5953 million yuan, with 47453 million yuan injected and 53406 million yuan withdrawn [2] - The public market treasury bond trading specifically had a net injection of 200 million yuan, with no withdrawals [2]

Core Viewpoint - The People's Bank of China (PBOC) has released liquidity injection data for October 2025, indicating a net liquidity injection through various monetary policy tools [1] Group 1: Open Market Operations - In October, the PBOC conducted short-term reverse repos amounting to 47,453 billion yuan, with a withdrawal of 53,406 billion yuan, resulting in a net injection of 5,953 billion yuan [1] - The PBOC executed a total of 17,000 billion yuan in buyout reverse repos, with 13,000 billion yuan withdrawn, leading to a net injection of 4,000 billion yuan [1] - The PBOC resumed operations in the open market for government bond transactions, achieving a net injection of 200 billion yuan [1]

Core Viewpoint - The People's Bank of China (PBOC) announced a fixed quantity, interest rate tender, multi-price bidding operation for a total of 1.1 trillion yuan in reverse repos, set to take place on October 9, 2025, with a maturity of three months (91 days) [1]. Group 1 - The operation aims to maintain ample liquidity in the banking system [1]. - The PBOC's reverse repo operation on October 9 will be an increase of 300 billion yuan compared to the 800 billion yuan of three-month reverse repos maturing in October [5].

Core Viewpoint - The People's Bank of China (PBOC) is set to issue the seventh phase of central bank bills in Hong Kong to enhance the RMB yield curve and provide high credit quality financial products [1][4]. Group 1: Issuance Details - The seventh phase of central bank bills will have a term of 6 months (182 days) with a total issuance amount of RMB 60 billion [4]. - The bills will have a fixed interest rate and will be issued through a Dutch auction method, with a face value of RMB 100 [5]. Group 2: Timeline - The issuance date is scheduled for September 22, 2025, with the interest start date on September 24, 2025, and maturity on March 25, 2026 [4].

Core Viewpoint - The People's Bank of China (PBOC) has implemented significant liquidity measures in August, indicating a strategic approach to stabilize the financial system and support credit growth [1] Group 1: Central Bank Operations - In August, the PBOC injected 600 billion yuan through the Medium-term Lending Facility (MLF) while withdrawing 300 billion yuan, resulting in a net injection of 300 billion yuan [1] - The net withdrawal of 160.8 billion yuan through the Pledged Supplementary Lending (PSL) suggests a positive economic growth trend and a shift in the funding demand structure from the real economy [1] - The PBOC did not conduct any public market transactions involving government bonds in August, focusing instead on reverse repos with a net injection of 300 billion yuan [1]

Core Points - The People's Bank of China (PBOC) announced a fixed quantity, interest rate tender for a reverse repurchase operation of 500 billion yuan, scheduled for August 15, 2025, with a term of 6 months (182 days) [1] Group 1 - The operation aims to maintain ample liquidity in the banking system [1]