The official website of the People's Bank of China released an open market transaction announcement today. Today, it carried out a 7-day reverse repurchase operation of 139 billion yuan using fixed interest rate and quantity bidding, which fully met the needs of first-level traders; at the same time, an overnight reverse repurchase operation of 661 billion yuan was carried out; in addition, it also carried out a 14-day reverse repurchase operation of 300 billion yuan using fixed quantity, interest rate tenders, and multiple price wins. According to Wind data, a reverse repurchase of 660.3 billion yuan expired today. Based on this calculation, today the central bank's open market operation achieved a net short-term liquidity investment of 439.7 billion yuan. Furthermore, judging from this week's situation, a total of 703.3 billion yuan of reverse repurchases will expire on the central bank's open market on the three trading days from September 28 to September 30, of which 660.3 billion yuan, 35 billion yuan, and 8 billion yuan will be due from Monday to Wednesday, respectively. Industry experts told the reporter that the central bank simultaneously carried out overnight, 7-day, and 14-day reverse repurchase operations within the same trading day, showing that the central bank is focusing on stabilizing financial aspects at the end of the season and before and after the long holidays, and is comprehensively using various liquidity adjustment tools to maintain reasonable and abundant liquidity and maintain the smooth operation of short-term interest rates. A reverse repurchase operation means that the central bank buys marketable securities from commercial banks and other first-tier traders, which is equivalent to the central bank “lending money” to the market and then agreeing to sell them back at a certain date in the future to inject liquidity into the market. Currently, the central bank's liquidity management tool covers the period of 1 day, 7 days, 14 days, 3 months, 6 months, 1 year, etc., and there are plenty of term options.

The official website of the People's Bank of China released an open market transaction announcement today. Today, it carried out a 7-day reverse repurchase operation of 139 billion yuan using fixed interest rate and quantity bidding, which fully met the needs of first-level traders; at the same time, an overnight reverse repurchase operation of 661 billion yuan was carried out; in addition, it also carried out a 14-day reverse repurchase operation of 300 billion yuan using fixed quantity, interest rate tenders, and multiple price wins. According to Wind data, a reverse repurchase of 660.3 billion yuan expired today. Based on this calculation, today the central bank's open market operation achieved a net short-term liquidity investment of 439.7 billion yuan. Furthermore, judging from this week's situation, a total of 703.3 billion yuan of reverse repurchases will expire on the central bank's open market on the three trading days from September 28 to September 30, of which 660.3 billion yuan, 35 billion yuan, and 8 billion yuan will be due from Monday to Wednesday, respectively. Industry experts told the reporter that the central bank simultaneously carried out overnight, 7-day, and 14-day reverse repurchase operations within the same trading day, showing that the central bank is focusing on stabilizing financial aspects at the end of the season and before and after the long holidays, and is comprehensively using various liquidity adjustment tools to maintain reasonable and abundant liquidity and maintain the smooth operation of short-term interest rates. A reverse repurchase operation means that the central bank buys marketable securities from commercial banks and other first-tier traders, which is equivalent to the central bank “lending money” to the market and then agreeing to sell them back at a certain date in the future to inject liquidity into the market. Currently, the central bank's liquidity management tool covers the period of 1 day, 7 days, 14 days, 3 months, 6 months, 1 year, etc., and there are plenty of term options.