At the beginning of September, the scale of maturity in the open market increased significantly, and the liquidity is still expected to run smoothly.

Jin10 Data reported on September 2 that according to statistics, from September 1 to 5, over 3.2 trillion yuan of funds will mature in the open market, including 2.27 trillion yuan in reverse repos and 1 trillion yuan in 3-month (91-day) reverse repos. In addition, in September, there will be 300 billion yuan in 6-month (182-day) reverse repos and 300 billion yuan in 1-year Medium-term Lending Facility (MLF) maturing. Looking ahead to the liquidity performance in September, several industry insiders believe that fiscal spending and Central Bank support will hedge against end-of-quarter disturbances, and overall liquidity is expected to remain reasonably ample, but cross-period factors and concentrated government bond issuance may bring about temporary disruptions.