CITIC Securities chief economist Ming Ming's team analyzed that this week, the People's Bank of China's open market operation shifted to net investment, while the six-month reverse buyout repurchase from last month's equal-amount renewal moved to a large net investment of 500 billion yuan. On the one hand, it hedged recent liquidity fluctuations, and on the other hand, it also played a role in stabilizing market confidence. The central bank's operational easing intensified in July, and it is expected that the subsequent introduction of long-term liquidity instruments such as MLF and treasury bond trading may also maintain a relatively positive mode of operation.

CITIC Securities chief economist Ming Ming's team analyzed that this week, the People's Bank of China's open market operation shifted to net investment, while the six-month reverse buyout repurchase from last month's equal-amount renewal moved to a large net investment of 500 billion yuan. On the one hand, it hedged recent liquidity fluctuations, and on the other hand, it also played a role in stabilizing market confidence. The central bank's operational easing intensified in July, and it is expected that the subsequent introduction of long-term liquidity instruments such as MLF and treasury bond trading may also maintain a relatively positive mode of operation.