Core Points - The central bank conducted a reverse repurchase operation of 220.5 billion yuan for a 7-day term at an interest rate of 1.40%, which remains unchanged from previous rates [1] - A total of 242 billion yuan in 7-day reverse repos matured today, resulting in a net withdrawal of 21.5 billion yuan [1]

Group 1 - The People's Bank of China conducted a reverse repurchase operation of 197.3 billion yuan with a 7-day maturity, resulting in a net withdrawal of 183.3 billion yuan on the same day [1][4] - On the same day, 198.6 billion yuan of 7-day reverse repos and 182.0 billion yuan of 1-year Medium-term Lending Facility (MLF) were due [1][4] - The interest rate for the 7-day reverse repurchase operation was set at 1.4% [4]

Core Viewpoint - The People's Bank of China (PBOC) conducted a reverse repurchase operation of 405 billion yuan, resulting in a net withdrawal of 682 billion yuan on the same day due to the maturity of 1,087 billion yuan in reverse repos [1]. Group 1: Reverse Repo Operations - On May 6, 2025, the PBOC executed a 7-day reverse repo operation amounting to 405 billion yuan [1]. - The total reverse repos maturing on the same day reached 1,087 billion yuan, leading to a net withdrawal of 682 billion yuan [1]. - The interest rate for the reverse repos was set at 1.5% [5][6]. Group 2: Market Implications - The net withdrawal indicates a tightening of liquidity in the market, which could impact short-term interest rates and overall market sentiment [1]. - The ongoing reverse repo operations reflect the central bank's strategy to manage liquidity and control inflationary pressures in the economy [1].

Core Points - The People's Bank of China conducted a reverse repurchase operation of 430 billion yuan for a 7-day term, resulting in a net withdrawal of 505 billion yuan on the same day due to 935 billion yuan of reverse repos maturing [1]. Group 1: Reverse Repo Operations - On April 14, 2025, the central bank's reverse repo operation amounted to 430 billion yuan with a 7-day maturity and an interest rate of 1.5% [4]. - The total reverse repos maturing on the same day were 935 billion yuan, leading to a net withdrawal of 505 billion yuan [1][4]. - The reverse repo operations on previous days included 285 billion yuan on April 11 and 659 billion yuan on April 10, both with a 7-day maturity and an interest rate of 1.5% [4][5].