Woofun AI reports that the PBOC will introduce overnight reverse buyback operations into its open-market toolkit on June 29 and June 30. On June 25, the central bank executed 500 billion yuan in MLF operations and 370.5 billion yuan in 7-day reverse buybacks, achieving a net liquidity injection of 322.5 billion yuan. This strategy aims to satisfy short-term banking liquidity requirements while addressing longer-term funding needs to facilitate government bond issuance and expand credit lending.