The central bank restarted 14-day reverse repurchase operations after an 8-month hiatus to proactively manage liquidity conditions, using the "reverse auction" method for the first time.

The central bank resumed 14-day reverse repurchase operations after an 8-month hiatus. The central bank announced on September 22nd that it conducted reverse repurchase operations totaling 300 billion yuan for 14 days using fixed quantity, rate tender, and multiple price bids, as well as 240.5 billion yuan for 7 days using fixed rate and quantity tender. Industry experts stated that the central bank's announcement of the resumption of 14-day reverse repurchase operations is an indication of a moderately loose monetary policy stance, providing liquidity for institutions ahead of the holiday season. In recent years, the central bank usually initiates 14-day reverse repurchase operations before the National Day and Spring Festival holidays, with the timing adjusted flexibly based on holiday arrangements and institutional needs to ensure sufficient liquidity for institutions prior to the holidays.