2月12日金融一线消息，2026年2月12日，中国人民银行以固定利率、数量招标方式开展了1665亿元7天 期逆回购操作。同时，以固定数量、利率招标、多重价位中标方式开展了4000亿元14天期逆回购操作。 2月12日金融一线消息，2026年2月12日，中国人民银行以固定利率、数量招标方式开展了1665亿元7天 期逆回购操作。同时，以固定数量、利率招标、多重价位中标方式开展了4000亿元14天期逆回购操作。 责任编辑：王馨茹 责任编辑：王馨茹 ...

中新网2月11日电据央行网站消息，2026年2月11日，中国人民银行以固定利率、数量招标方式开展了785 亿元7天期逆回购操作。同时，以固定数量、利率招标、多重价位中标方式开展了4000亿元14天期逆回 购操作。 图片来源：央行网站截图 （文章来源：中国新闻网） | 期限 | 操作利率 | 投标量 | 中标量 | | --- | --- | --- | --- | | 7곳 | 1.40% | 785亿元 | 785亿元 | ...

责任编辑：王馨茹 2月11日金融一线消息，2026年2月11日，中国人民银行以固定利率、数量招标方式开展了785亿元7天期 逆回购操作。同时，以固定数量、利率招标、多重价位中标方式开展了4000亿元14天期逆回购操作。 2月11日金融一线消息，2026年2月11日，中国人民银行以固定利率、数量招标方式开展了785亿元7天期 逆回购操作。同时，以固定数量、利率招标、多重价位中标方式开展了4000亿元14天期逆回购操作。 责任编辑：王馨茹 ...

北京商报讯（记者 董晗萱）2月6日，中国人民银行以固定利率、数量招标方式开展了315亿元7天期逆 回购操作。操作利率1.4%。 同时，以固定数量、利率招标、多重价位中标方式开展了3000亿元14天期逆回购操作。Wind数据显 示，当日4775亿元逆回购到期，据此计算，单日净回笼1460亿元。这已是人民银行连续两日进行14天期 逆回购操作，金额总计6000亿元。 ...

Group 1 - The 30-year Treasury ETF (511090) rose by 0.30% as of 09:32 on February 6, 2026, with a trading volume of 1.06 billion yuan and a turnover rate of 0.49% [1] - The average daily trading volume of the 30-year Treasury ETF over the past year was 8.271 billion yuan as of February 5 [1] - On February 5, the interbank market bond yields declined by approximately 1 basis point, influenced by the People's Bank of China's (PBOC) resumption of 14-day reverse repos and adjustments in the A-share market, which boosted sentiment in the bond market [1] Group 2 - The PBOC conducted a 315 billion yuan 7-day reverse repo operation and a 300 billion yuan 14-day reverse repo operation on February 6, using a fixed rate and quantity tendering method [1] - According to Shenwan Hongyuan, the bond market is expected to benefit from a combination of policy and economic data void, seasonal production slowdown, ample liquidity, and strong initial allocation forces in February [1] - Short-term factors contributing to the bond market rebound include higher-than-expected allocation and a significant increase in bank deposit retention rates, indicating a surplus in liabilities [1]

Core Viewpoint - The People's Bank of China (PBOC) conducted a total of 315 billion yuan in 7-day reverse repos and 3000 billion yuan in 14-day reverse repos, indicating a proactive approach to liquidity management in the financial system [1] Group 1 - The PBOC's 7-day reverse repo operation had a bidding amount and winning amount of 315 billion yuan, with an operation rate of 1.40% [1] - The 14-day reverse repo operation was conducted using a fixed quantity, interest rate bidding, and multiple price levels [1] - A total of 4775 billion yuan in 7-day reverse repos matured today, resulting in a net withdrawal of 1460 billion yuan [1] Group 2 - Throughout the week, the PBOC executed 10055 billion yuan in reverse repo operations [1] - This week saw 17615 billion yuan in 7-day reverse repos maturing, leading to a net withdrawal of 7560 billion yuan [1]

Core Viewpoint - The central bank conducted a total of 3.15 billion yuan in 7-day reverse repos at an interest rate of 1.40%, alongside a 300 billion yuan 14-day reverse repo operation, resulting in a net withdrawal of 146 billion yuan due to the maturity of 477.5 billion yuan in 7-day reverse repos [1][1][1] Group 1 - The central bank's operation included 315 billion yuan in 7-day reverse repos [1] - The interest rate for the 7-day reverse repo was set at 1.40% [1] - A 300 billion yuan 14-day reverse repo was conducted using a fixed quantity and multi-price bidding method [1] Group 2 - The maturity of 477.5 billion yuan in 7-day reverse repos occurred today [1] - The net withdrawal from the market was 146 billion yuan as a result of these operations [1]

Core Viewpoint - The People's Bank of China (PBOC) conducted a total of 118.5 billion yuan reverse repurchase operation today, indicating a proactive monetary policy stance to manage liquidity in the financial system [1] Group 1: Monetary Operations - The PBOC executed a 7-day reverse repurchase operation with a total bidding amount of 118.5 billion yuan and a successful bid amount of 118.5 billion yuan, with an operation interest rate set at 1.40% [1] - Additionally, a 14-day reverse repurchase operation was conducted with a fixed amount of 300 billion yuan, utilizing a multi-price bidding method [1] - Due to the maturity of 354 billion yuan in 7-day reverse repos today, the net liquidity injection for the day amounted to 64.5 billion yuan [1]

Core Viewpoint - The central bank has initiated liquidity operations to stabilize the financial market as year-end approaches, utilizing both 7-day and 14-day reverse repos to manage liquidity effectively [1][2]. Group 1: Central Bank Operations - On December 18, the central bank conducted a fixed-rate, quantity tender operation of 883 billion yuan for 7-day reverse repos at a rate of 1.40% [1]. - A 1000 billion yuan operation for 14-day reverse repos was also conducted, which is slightly above the average level of previous years, indicating a response to increased liquidity demand [1]. - The simultaneous operation of both 7-day and 14-day reverse repos reflects a flexible approach to managing liquidity across different time frames [1]. Group 2: Expert Insights - Analysts expect the central bank to enhance the scientific and precise management of short- to medium-term liquidity through various liquidity tools, which will support financial institutions in increasing credit supply [2]. - The focus of monetary policy will remain on creating a stable financial environment for the real economy, with liquidity tools aimed at smoothing short-term fluctuations and guiding reasonable interest rates [2]. - The central bank's actions are seen as proactive measures to ensure a stable financial system while facilitating effective monetary policy transmission to key sectors of the economy [2].

Core Viewpoint - The People's Bank of China conducted a total of 1,562 billion yuan in reverse repurchase operations on December 19, 2025, indicating a strategy to manage liquidity in the financial system [1]. Group 1: Reverse Repo Operations - The central bank executed a 562 billion yuan reverse repurchase operation with a 7-day maturity using a fixed rate and quantity tender method [1]. - Additionally, a 1,000 billion yuan reverse repurchase operation with a 14-day maturity was conducted using a fixed quantity, interest rate tender, and multiple price bidding method [1].