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

In order to maintain ample liquidity in the banking system, today (the 15th), the People's Bank of China conducted a 600 billion yuan fixed quantity, fixed rate tender, multi-price bid reverse repurchase operation with a term of 183 days, or about 6 months. Reverse repurchase is a open market operation tool introduced by the People's Bank of China, which involves the central bank purchasing bonds from primary dealers (such as large commercial banks) and agreeing to repurchase the same quantity and type of bonds from the dealers in the future, in order to inject liquidity into the market.