The central bank today conducted 600 billion yuan of reverse repurchase agreements.

In order to maintain ample liquidity in the banking system, the People's Bank of China will conduct 600 billion yuan 6-month period reverse repurchase operations on September 15 through fixed quantity, rate bidding, and multiple price bid methods. Prior to this, the central bank had conducted 1 trillion yuan 3-month period reverse repurchase operations on September 5. Considering the 1.3 trillion yuan coming due in September, this month's reverse repurchase operations will result in a net injection of 300 billion yuan, continuing the trend of increased injections for the fourth consecutive month. Reverse repurchase operations, bond transactions, and medium-term lending facility operations are additional injections of medium to long-term funds on top of the 7-day reverse repurchase operations conducted by the central bank daily based on the demand of primary dealers. Since June, the central bank has been continuously conducting reverse repurchase operations at the beginning and middle of each month to support market liquidity, and has been stabilizing market expectations by announcing operations in advance.