CITIC Securities chief economist Ming Ming's team analyzed that this week, the People's Bank of China's open market operation shifted to net investment, while the six-month reverse buyout repurchase from last month's equal-amount renewal moved to a large net investment of 500 billion yuan. On the one hand, it hedged recent liquidity fluctuations, and on the other hand, it also played a role in stabilizing market confidence. The central bank's operational easing intensified in July, and it is expected that the subsequent introduction of long-term liquidity instruments such as MLF and treasury bond trading may also maintain a relatively positive mode of operation.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.