On June 3, the People's Bank of China issued an announcement stating that according to the needs of first-level traders in the open market business, the 7-day reverse repurchase operation volume on the same day was zero. Experts said that in its announcement on the same day, the central bank made it clear that “the 7-day reverse repurchase operation volume is zero,” which is determined based on the needs of tier 1 traders. This situation confirms from the side that commercial banks currently have sufficient liquidity and are not very willing to supplement short-term liquidity. Wang Qing, chief macro analyst at Dongfang Jincheng, analyzed that on June 1, the yield on 1-year commercial bank interbank deposits fell to 1.4275%, reaching a new low. On June 2, this yield data continued to be at this low level. This shows that compared with financing in the money market, the cost advantage of commercial banks financing from the central bank is no longer obvious. Wang Qing said that the central bank's move may also be related to the fact that the issuance of government bonds has not continued to increase significantly in the short term and that credit investment is in a moderate state, and commercial banks' demand for financing from central banks has declined. Experts said that there is currently plenty of liquidity in the interbank market, and the central bank's above measures do not mean tightening liquidity; the direction of moderately easing monetary policy has not changed.

On June 3, the People's Bank of China issued an announcement stating that according to the needs of first-level traders in the open market business, the 7-day reverse repurchase operation volume on the same day was zero. Experts said that in its announcement on the same day, the central bank made it clear that “the 7-day reverse repurchase operation volume is zero,” which is determined based on the needs of tier 1 traders. This situation confirms from the side that commercial banks currently have sufficient liquidity and are not very willing to supplement short-term liquidity. Wang Qing, chief macro analyst at Dongfang Jincheng, analyzed that on June 1, the yield on 1-year commercial bank interbank deposits fell to 1.4275%, reaching a new low. On June 2, this yield data continued to be at this low level. This shows that compared with financing in the money market, the cost advantage of commercial banks financing from the central bank is no longer obvious. Wang Qing said that the central bank's move may also be related to the fact that the issuance of government bonds has not continued to increase significantly in the short term and that credit investment is in a moderate state, and commercial banks' demand for financing from central banks has declined. Experts said that there is currently plenty of liquidity in the interbank market, and the central bank's above measures do not mean tightening liquidity; the direction of moderately easing monetary policy has not changed.