China News Service, Beijing, December 25 (Reporter Xia Bin) The People's Bank of China announced on the 25th that in order to maintain reasonable and abundant liquidity at the end of the year, it carried out 471 billion yuan (RMB, the same below) 7-day and 14-day reverse repurchase operations in the form of interest rate bidding on the same day, and the winning interest rate was maintained at 18% and 195%。Due to the expiration of 184 billion yuan of 7-day reverse repurchase on the 25th, the People's Bank of China achieved a net injection of 287 billion yuan on the same day.
On the same day, China's Ministry of Finance and the People's Bank of China also conducted the bidding for the 2023 ** Treasury Cash Management Commercial Bank Fixed Deposit (10 Phases) by way of interest rate bidding, with a total of 180 billion yuan, which can also inject liquidity into the market.
Pang Ming, chief economist and research director of Jones Lang LaSalle Greater China, told China News Service that referring to historical operating experience and liquidity gap data, it is expected that the central bank of China will gradually strengthen its liquidity injection in the open market, and the open market operation will continue to increase, and the scale of cross-year capital investment will increase steadily.
Looking forward to the next year, Pang Ming expects that the People's Bank of China will continue to flexibly use a variety of tools to carry out open market operations according to the changes in liquidity supply and demand and market interest rates, do a good job in detailed and practical liquidity adjustment, timely and appropriately put or ** short-term liquidity into the market, iron out short-term fluctuations in a timely manner, and maintain the stability of market expectations and smooth operation. Under the timely, strong and effective liquidity adjustment, the overall capital situation is tightly balanced, and the possibility of large fluctuations in liquidity beyond expectations is not large. (ENDS).