Against the backdrop that the central bank continues to invest in liquidity through medium-term instruments and interest rates on short-term capital remain relatively stable, the focus of market attention is gradually shifting to the pace of monthly and cross-holiday capital operations around the Spring Festival. A number of institutions believe that despite the influence of factors such as a “good start” in credit loans, pre-issuance of government bonds, and seasonal withdrawal demand, financial disturbances increased around the Spring Festival, but under the care of the central bank, the overall pressure on capital is still manageable.

Against the backdrop that the central bank continues to invest in liquidity through medium-term instruments and interest rates on short-term capital remain relatively stable, the focus of market attention is gradually shifting to the pace of monthly and cross-holiday capital operations around the Spring Festival. A number of institutions believe that despite the influence of factors such as a “good start” in credit loans, pre-issuance of government bonds, and seasonal withdrawal demand, financial disturbances increased around the Spring Festival, but under the care of the central bank, the overall pressure on capital is still manageable.