Lates News

date
04/06/2025
Ming Ming, chief economist of CITIC Securities, believes that the MLF operation in May, together with the reserve requirement ratio cut, has significantly increased liquidity supply. The decrease in buy-back reversed repurchase in May can meet the structural adjustment needs of commercial banks for central bank financing tools. Taking into account the local government bond issuance plan, historical national bond issuance rules, and the fiscal balance, it can be concluded that there is basically no liquidity gap in June without considering the maturity of MLF and reverse repurchase.
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