The central bank has continuously reduced the volume of repurchase agreements for 3 consecutive months.

Yesterday, the People's Bank of China issued a public announcement for open market operations for reverse repurchase agreements. Due to the expiration of 800 billion yuan of 3-month reverse repurchase agreements this month, after conducting the above-mentioned operations, there will be a net withdrawal of 300 billion yuan from the 3-month reverse repurchase agreements. This is also the fourth consecutive month that the People's Bank of China has reduced the amount of 3-month reverse repurchase agreements.