Xinhua News Agency, May 31, the people's Bank of China carried out a seven-day reverse repurchase operation of 37 billion yuan in the form of interest rate bidding to maintain stable liquidity at the end of the month and keep the operating interest rate unchanged at 2%. In view of the fact that 2 billion yuan of reverse repurchase expired on that day, the central bank achieved a net investment of 35 billion yuan in the open market. In this regard, Zhou Maohua, a macro researcher in the Financial Markets Department of Everbright Bank, said that on the one hand, since May, market interest rates have been operating below policy rates for most of the time, reflecting that market liquidity remains loose; on the other hand, after all, it is at a cross-lunar time point, and the central bank has appropriately increased the scale of its operations to meet institutional capital needs. On the whole, the funding is stable and across the moon this month. The central bank makes a discretionary choice and adjusts the pace of open market operation to ensure that liquidity is at a reasonable and adequate level. (Securities Daily)