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More than 350 billion reverse repurchase expires this week the Central Bank will be closed this or open operation A number of informed traders yesterday, people's Bank of China (Central Bank) Central ticket and is not in accordance with established practice is to buy back yesterday. It is likely to mean the Central Bank issued today will continue to suspend the Central ticket and is repo operations. So-called central issue, namely Bank withdrawal of funds from commercial banks hand the issue, are broadly similar repurchase operations. In order to guarantee the funds during the festive period surface smooth,Central banks from January 6, suspend the central issue and repurchase and reverse repurchase was introduced in January 17, 19th, to inject at least $ 352 billion of capital into the market. Although funds short-term easing public markets expires this week only $ 1 billion, $ 352 billion in public before the 14-day reverse repo will expire this week, market participants generally agreed thatThis week market remained tight, so the Central Bank is also not difficult to understand. In fact, before the Central Bank also directed through private channels reverse repurchase, market participants estimate, due this week reverse repurchase the total size of up to $ 550 billion per cent. "Before the Passover due to reverse repurchase injected liquidity, slightly more lenient than that currently funds, butDue to reverse repurchase expires earlier, while the cash back from corporate to Bank later, funds to say easing may occur until at least late February. "Ping an securities head of fixed income Department research Shiller said. "Right now, money is tight, 7-day repurchase rate has not come down, so open market operations may also be observed for some time. "Analysis of the financial market of China Merchants Bank partsMaster Liu Junyu agreed. Yesterday, on behalf of the Bank of Shanghai financial stress, Bank interbank offered rate (Shibor) shows that most varieties will rise. "The Central Bank significantly easing concerns" Liu Junyu yesterday and he said, "seen from the funds, capital costs down would be the probability of the event; from a policy point of view, the Central Bank select reverse repurchase rather than reducing saysOut current policy makers on the easing or concerns. "Liu Junyu, future market movements is the key, especially in the reverse repurchase after the expiration of 14 days, the Central Bank's attitude will go from here. If the cost of capital continues to remain high, the Central Bank is continuing NET placement is also taking a more aggressive easing, it will affect the future judgment and expectations of investors in the bond market.China Everbright Bank Chief macroeconomist Cheng Hongqing more distinct. In his view, the slightly tight State funding is still in the short term, 7 and 14 days of the interest rate is still high, cannot be ruled out after the Central Bank will continue to conduct reverse repurchase. "And with the reverse repurchase expires, after funds back into the Bank's size cannot be eased, the Central Bank reduced reserve requirements. "As far as securitiesYesterday, the times quoted the words of a State-owned line of persons, cannot be ruled out to individual institutions directed operations of today's Central Bank. Looking at the view of many experts, most experts tend to think, the Central Bank will still be in the near future more use of open market instruments, including the reverse repurchase and reduced reserve requirements seem unlikely in the short term.