Central bank conducts 50 billion yuan 7-day reverse repurchase operation in open market
The People's Bank of China conducted a 7-day reverse repurchase operation, injecting 153 billion yuan into the market at a rate of 1.40%. This operation's rate remained unchanged from previous instances. The stock market saw mixed performance, with the Hang Seng Index opening up 1.01% and the Hang Seng Tech Index rising 1.57%, led by semiconductor and software sectors, while other sectors experienced declines. AI
IMPACT Monetary policy adjustments can influence overall market liquidity, indirectly affecting investment in technology sectors including AI.