Wang Qing: The central bank's operation shows that monetary policy continues to be supportive, which helps to stabilize market confidence

On October 14th, the central bank announced this evening that it will launch a 600 billion yuan buyout reverse repurchase operation on October 15th in the form of fixed quantity, interest rate invite tenders, and multiple price win the bidding, with a period of 6 months (182 days). According to relevant statistics, 500 billion yuan 6-month buyout reverse repurchase will expire in October. This operation means that as of the 15th, the 6-month buyout reverse repurchase will be renewed for 100 billion yuan. This is the second buyout reverse repurchase operation conducted by the People's Bank of China this month. On October 9th, the People's Bank of China has launched a 1.10 trillion yuan 3-month buyout reverse repurchase operation. The People's Bank of China has carried out a buy-out reverse repurchase increase for the fifth consecutive month. Wang Qing, chief macro analyst at Oriental Jincheng, believes that on the one hand, this will help meet the financing needs of enterprises and residents, and help government bond issuance; on the other hand, it has released a signal of continuous strengthening of quantitative policy tools, indicating that monetary policy continues to support the stance and helps stabilize market confidence.