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| Announcement of Open Market Operations | | 公开市场业务交易公告 |
| (No.14 [2020]) | | （[2020]第14号） |
In order to offset the impact of payment for subscribing government bonds, growing cash injection by banks, and other factors, and to maintain reasonable and adequate liquidity in the banking system before the spring festival, the People's Bank of China conducts reverse repo operations in the amount of RMB250 billion through interest rate bidding on January 20, 2020.
．．．．．． | | 为对冲政府债券发行、现金投放高峰等因素的影响，维护春节前银行体系流动性合理充裕，2020年1月20日人民银行以利率招标方式开展了2500亿元逆回购操作。具体情况如下：
．．．．．． |
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