According to economic references, as we enter New Year's Eve, the financial aspect has once again become the focus of market attention. On December 29, the central bank launched a 7-day reverse repurchase operation of 482.3 billion yuan in the open market. The reverse repurchase of 67.3 billion yuan expired on the same day, so the net investment in a single day reached 415 billion yuan. This operation continues the central bank's recent policy tone of maintaining reasonable and abundant liquidity, and also sends a signal to the market that monetary policy continues to support it. Looking back at 2025, under the continued protection of a “moderately loose” monetary policy, the overall liquidity of the banking system remained abundant. Although judging from past experience, the end of the month and the end of the quarter are usually times when capital is tight, and market capital prices tend to rise, in recent months, liquidity has maintained a relaxed pattern, and capital prices have even shown a downward trend. Experts pointed out that this change is due to the central bank's active optimization and pre-adjustment of the pace and instruments of liquidity investment. In December, the disruptive factors facing liquidity increased: MLF maturity, tax periods superimposed, government bond issuance remained high, interbank deposit matures rose, and seasonal demand for cash from residents and businesses increased. In the face of these challenges, central banks are planning ahead and hedging through a combination of tools.

According to economic references, as we enter New Year's Eve, the financial aspect has once again become the focus of market attention. On December 29, the central bank launched a 7-day reverse repurchase operation of 482.3 billion yuan in the open market. The reverse repurchase of 67.3 billion yuan expired on the same day, so the net investment in a single day reached 415 billion yuan. This operation continues the central bank's recent policy tone of maintaining reasonable and abundant liquidity, and also sends a signal to the market that monetary policy continues to support it. Looking back at 2025, under the continued protection of a “moderately loose” monetary policy, the overall liquidity of the banking system remained abundant. Although judging from past experience, the end of the month and the end of the quarter are usually times when capital is tight, and market capital prices tend to rise, in recent months, liquidity has maintained a relaxed pattern, and capital prices have even shown a downward trend. Experts pointed out that this change is due to the central bank's active optimization and pre-adjustment of the pace and instruments of liquidity investment. In December, the disruptive factors facing liquidity increased: MLF maturity, tax periods superimposed, government bond issuance remained high, interbank deposit matures rose, and seasonal demand for cash from residents and businesses increased. In the face of these challenges, central banks are planning ahead and hedging through a combination of tools.