The People's Bank of China (PBOC) will execute a CNY 300 billion reverse repurchase operation on May 6, 2026, to ensure sufficient liquidity in the banking system. This operation will utilize a fixed quantity, interest rate bidding, and multiple-price award method, with a three-month tenor maturing on August 5, 2026.
In addition, the PBOC, alongside the National Development and Reform Commission and the Ministry of Finance, has issued a notice to expand financial support for enterprises investing in artificial intelligence equipment and software services. This initiative aims to bolster the development of 'AI + Industry' by optimizing policy measures and extending loan support to 14 sectors, including electronic information and artificial intelligence.
Furthermore, the PBOC and the General Administration of Customs will streamline the import and export permit process for gold and gold products, implementing a 'not one batch, one permit' system at 15 customs offices starting June 1, 2026, to enhance trade facilitation and business environment.
PBOC to Conduct CNY 300 Billion Reverse Repo to Maintain Liquidity
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
