The central bank will conduct 500 billion yuan of reverse repurchase transactions today.

The People's Bank of China announced that it will conduct a 500 billion yuan reverse repurchase operation today with a fixed quantity, interest rate tender, and multi-price bidding method, with a term of six months. Due to the 600 billion yuan six-month reverse repurchase expiring in March, the central bank's operation this time means a reduction of 100 billion yuan in the volume of six-month reverse repurchase.