BEIJING, Nov. 14 (Xinhua) -- The People's Bank of China said Friday that it will conduct an 800-billion-yuan (about 112.95 billion U.S. dollars) outright reverse repo operation on Nov. 17 to maintain ample liquidity in the banking system.

The operation will be carried out with a fixed quantity through interest-rate bidding, with winning bids determined at multiple price levels. It will have a tenor of six months, or 182 days, according to the central bank.

With 300 billion yuan of such funds maturing in November, the net injection via outright reverse repo operation with a tenor of six months will reach 500 billion yuan by Nov. 17.

Earlier this month, the central bank also conducted a 700-billion-yuan outright reverse repo operation with a tenor of three months on Nov. 5 to maintain ample liquidity in the banking system.

Industry experts observed that this marks the sixth consecutive month that the central bank has conducted net injections into the financial market via the operation.

Wang Qing, chief macro analyst at Golden Credit Rating, said that this helps keep liquidity ample, supports government bond issuance and boosts credit supply, while signaling continued easing of quantitative policy tools to stabilize market confidence.

Outright reverse repo operations -- a tool the central bank introduced in October 2024 to manage liquidity in the national banking system -- are carried out each month with a tenor of no more than one year.

These operations have enriched the country's monetary policy toolkit, complementing previous measures such as temporary repos, temporary reverse repos, and the buying and selling of treasury bonds. ■