People's Bank of China: 110 billion yuan in three-month outright reverse repurchase operations to be conducted on October 9

    The People's Bank of China announced on September 30 that to maintain ample liquidity in the banking system, it will conduct 1.1 trillion yuan in outright reverse repurchase operations on October 9. The operations will be conducted through fixed-amount, fixed-rate bidding with multiple price allocations, with a maturity of three months (91 days).

    Reporters learned that 800 billion yuan worth of three-month buyout reverse repos will mature in October. Therefore, the PBoC's 1100 billion yuan buyout reverse repo operation on October 9 signifies an additional 300 billion yuan in three-month buyout reverse repos being rolled over in October.

    Wang Qing, Chief Macro Analyst at Orient Gold Credit, believes that the PBoC's buyout reverse repurchase operations continuously inject liquidity into the market, signaling sustained reinforcement of quantitative policy tools. These operations also facilitate the smooth issuance of government bonds and better meet the credit financing needs of enterprises and residents.