Group 1 - The People's Bank of China (PBOC) will conduct a 600 billion yuan reverse repurchase operation with a six-month term on September 15, using a fixed amount and interest rate bidding method [1] - Prior to this, the PBOC had conducted a 1 trillion yuan reverse repurchase operation with a three-month term on September 5, resulting in a net injection of 300 billion yuan for the month due to 1.3 trillion yuan maturing [1] - The PBOC has been consistently conducting reverse repurchase operations since June to maintain market liquidity and stabilize market expectations [1] Group 2 - The bond market sentiment has recently turned pessimistic, with increasing expectations for the PBOC to restart government bond trading operations [1] - Wang Guogang, a professor at Renmin University, emphasized the importance of government bonds as a tool for coordinating monetary and fiscal policies, advocating for increased issuance of government bonds [2] - The PBOC is expected to enhance its open market operations in government bonds to support the ongoing proactive fiscal policy [2]