On September 4th, the People's Bank of China announced that in order to maintain sufficient liquidity in the banking system, it will launch a 1 trillion yuan buyout reverse repurchase operation on September 5th through a fixed quantity, interest rate bidding, and multi price bidding method, with a term of 3 months (91 days). The reporter learned that there were 1 trillion yuan of 3-month and 300 billion yuan of 6-month buyout reverse buybacks due in the same month. The 1 trillion yuan buyout reverse repurchase operation to be carried out by the People's Bank of China on September 5th is an equal renewal. Wang Qing, Chief Macro Analyst of Dongfang Jincheng, believes that the People's Bank of China's buyout style reverse repurchase operation, which continues to inject liquidity into the market, demonstrates the continued supportive stance of monetary policy and helps stabilize market expectations. (New Society)
Edit:Yao jue Responsible editor:Xie Tunan
Source:XinhuaNet
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