The central bank announced for the first time at the beginning of the month that it will conduct reverse repurchase agreements, further optimizing the liquidity adjustment mechanism.

On June 5th, the central bank announced that it will conduct 1 trillion yuan of reverse repurchase operations. This broke the usual practice of announcing relevant operation data at the end of the month, attracting widespread attention in the market. At the same time, the central bank also for the first time disclosed the details of various monetary policy instruments' operations in May, further enhancing policy transparency and market communication efficiency. Industry insiders believe that the operation of monetary policy tools is becoming more forward-looking and flexible, with a combination of tools being used to stabilize liquidity expectations and strengthen the effectiveness of counter-cyclical adjustments.