Wang Qing, chief macro analyst at Dongfang Jincheng, told reporters that the volume of 7-day reverse repurchase operations in recent trading days was zero, and overnight reverse repurchase operations were carried out in mid-August, all indicating that the current regulation of market interest rates by the People's Bank of China is more accurate. This means that interest rates will run more smoothly in the later stages; at the same time, it also means that in the future, overnight reverse repurchases may gradually replace 7-day reverse repurchases and become the core policy tool of the People's Bank of China for short-term liquidity regulation.

Wang Qing, chief macro analyst at Dongfang Jincheng, told reporters that the volume of 7-day reverse repurchase operations in recent trading days was zero, and overnight reverse repurchase operations were carried out in mid-August, all indicating that the current regulation of market interest rates by the People's Bank of China is more accurate. This means that interest rates will run more smoothly in the later stages; at the same time, it also means that in the future, overnight reverse repurchases may gradually replace 7-day reverse repurchases and become the core policy tool of the People's Bank of China for short-term liquidity regulation.