In order to maintain the reasonable and adequate liquidity of the banking system and further enrich the toolbox of the People's Bank of China's monetary policy, the People's Bank of China has decided to use the open market operation tool of reverse repurchase agreement from today. The operation targets primary market dealers in the open market business, with operations carried out once a month in principle, with a maturity not exceeding 1 year. The open market operation of reverse repurchase agreements adopts a fixed quantity, bid on interest rate, and multiple price bidding, with repurchase symbols including government bonds, local government bonds, financial bonds, corporate credit bonds, etc. The operation results will be disclosed to the public through relevant columns on the People's Bank of China's official website.