Ironing out fluctuations makes mid-year cross-quarter funding tension a thing of the past

June 26th, Jins data, every mid-year cross-quarter point, affected by factors such as the semi-annual assessment of banks, the concentrated expiration and redemption of asset management products, the financial market’s fund demand will show a seasonal pulse-like surge, and the People’s Bank of China often increases the net injection of short-term liquidity at this time to stabilize the fund’s volatility. This week, the People’s Bank of China’s open market operations have opened the mid-year cross-quarter liquidity protection mode. With the central bank’s increase in reverse repurchase injections, it is expected that the overall stability of the market’s fund situation will be maintained at the mid-year point, and the fund interest rate will fluctuate slightly above the policy interest rate.