Central Bank: Public market repurchase agreements will be used starting today
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The central bank has decided to use open market operations through reverse repurchase agreements to maintain the liquidity of the banking system at a reasonable level and enrich the monetary policy toolkit. The operation targets primary dealers, with a principle of conducting it once a month for a term not exceeding 1 year. The repurchase targets include government bonds, local government bonds, financial bonds, and corporate credit bonds, and the results of the operation will be disclosed on the People's Bank of China official website
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