【Zero Single-day Reverse Repo Operation 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 reasonable and abundant level. Based on the demand of primary dealers in open market operations, the reverse repo operation volume for the day was zero. Since 251.67 billion yuan of central bank reverse repos matured on the same day, a net withdrawal of 251.67 billion yuan was realized; since the beginning of August, the cumulative net withdrawal of the PBOC's open market operations has reached 1,349.83 billion yuan.

Industry experts said that at the beginning of the month, the capital flow is relatively loose, and the demand for funds by market institutions has declined, resulting in a corresponding reduction in the scale of open market operations. This does not mean that the orientation of the prudent monetary policy has changed. 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 reasonable and abundant liquidity.