The central bank today conducted a 600 billion yuan reverse repo operation

To maintain ample liquidity in the banking system, the People's Bank of China will conduct a 600 billion yuan 6-month term reverse repurchase operation on September 15 through a fixed amount, interest rate bidding, and multiple price bidding method. Prior to this, the central bank had already conducted a 1 trillion yuan 3-month term reverse repurchase operation on September 5. Given that 1.3 trillion yuan is due in September, this month's reverse repurchase operation will achieve a net injection of 300 billion yuan, marking the fourth consecutive month of increased operations. The reverse repurchase operations, government bond trading operations, and medium-term lending facility operations are additional medium- to long-term funds injected based on the central bank's daily 7-day reverse repurchase operations conducted according to the demands of primary dealers. Since June, the central bank has continuously carried out reverse repurchase operations at the beginning and middle of each month to nurture market liquidity and stabilize market expectations through advance notice of operations