[Zero Operation in Single-day Reverse Repo in Open Market]: The People's Bank of China (PBOC) announced on August 7 that the current total liquidity in the banking system is at a reasonably abundant level. Based on the demand of primary dealers in open market operations, the reverse repo operation volume for the day was zero. Since there were 251.67 billion yuan of central bank reverse repos maturing on the same day, a net withdrawal of 251.67 billion yuan was achieved; since the beginning of August, the cumulative net withdrawal of the PBOC's open market operations has reached 1.34983 trillion yuan.

Industry experts stated that at the beginning of the month, the capital situation is relatively loose, and the demand for funds from market institutions has declined, leading to a corresponding reduction in the scale of open market operations. This does not indicate a change in the orientation of prudent monetary policy. It is expected that the PBOC will continue to carry out precise and flexible adjustments based on the liquidity supply and demand situation to maintain reasonably abundant liquidity.