Government Bond Reverse Repo Details

The following is detailed information about government bond reverse repo, sourced from public market information, updated on March 9, 2026

Government Bond Reverse Repo Overview

Government bond reverse repo is a short-term investment method where investors lend funds to government bond holders and recover principal and interest upon maturity. It is a short-term investment tool with high safety and good liquidity.

Key Features:

High Safety: Pledged by government bonds, extremely low risk
Good Liquidity: Flexible terms, ranging from 1 day to 182 days
Low Minimum Investment: Shanghai market starts at 1,000 yuan, Shenzhen market starts at 1,000 yuan
Stable Returns: Yields fluctuate based on market fund conditions

Government Bond Reverse Repo Varieties

Variety	Code	Term	Trading Unit	Minimum Investment
GC001	204001	1 day	1,000 yuan/lot	1,000 yuan
GC002	204002	2 days	1,000 yuan/lot	1,000 yuan
GC003	204003	3 days	1,000 yuan/lot	1,000 yuan
GC004	204004	4 days	1,000 yuan/lot	1,000 yuan
GC007	204007	7 days	1,000 yuan/lot	1,000 yuan
GC014	204014	14 days	1,000 yuan/lot	1,000 yuan
GC028	204028	28 days	1,000 yuan/lot	1,000 yuan
GC091	204091	91 days	1,000 yuan/lot	1,000 yuan
GC182	204182	182 days	1,000 yuan/lot	1,000 yuan

Note: The above are Shanghai market government bond reverse repo varieties. Shenzhen market government bond reverse repo varieties start with 1318 and have similar trading rules.

Investment Strategy

1. Choose the Right Term

Select the appropriate term based on the idle time of funds. For short-term funds, you can choose 1-day or 3-day varieties, while for medium to long-term funds, you can choose 7-day or 14-day varieties.

2. Pay Attention to Market Fund Conditions

When market funds are tight, government bond reverse repo yields will rise, and investment at this time can achieve higher returns.

3. Choose the Right Trading Time

Generally speaking, around 10 AM and 2 PM each trading day are periods with higher yields.

4. Pay Attention to Holiday Effects

Before and after holidays, market fund demand increases, and government bond reverse repo yields usually rise.

Investment Notes

1. Understand Trading Rules

Familiarize yourself with the trading hours, clearing rules, etc. of government bond reverse repo to avoid losses due to unfamiliarity with the rules.

2. Choose the Right Variety

There are differences between Shanghai and Shenzhen market government bond reverse repo varieties. Choose the appropriate variety based on your capital amount.

3. Pay Attention to Yields

Compare the yields of different terms and choose varieties with high cost performance.

4. Arrange Funds Reasonably

After the government bond reverse repo matures, the funds will automatically return to the account, no manual operation is required, but you need to pay attention to the fund arrival time.

5. Pay Attention to Transaction Fees

The transaction fees for government bond reverse repo are low, but you still need to pay attention to the impact of fees on returns.

Comparison with Other Products

Product Type	Safety	Profitability	Liquidity	Minimum Investment
Government Bond Reverse Repo	High	Medium	High	From 1,000 yuan
Bank Time Deposit	High	Low	Low	From 50 yuan
Money Market Fund	High	Low	High	From 1 yuan
Brokerage Income Certificate	High	Medium	Medium	From 10,000 yuan

Government Bond Reverse Repo Investment Tips

Pay attention to fund conditions: When market funds are tight, government bond reverse repo yields will rise, and investment at this time can achieve higher returns.
Choose the right term: Select the appropriate term based on the idle time of funds to avoid losses due to early redemption.
Pay attention to holiday effects: Before and after holidays, market fund demand increases, and government bond reverse repo yields usually rise.
Choose the right trading time: Generally speaking, around 10 AM and 2 PM each trading day are periods with higher yields.
Arrange funds reasonably: After the government bond reverse repo matures, the funds will automatically return to the account, no manual operation is required, but you need to pay attention to the fund arrival time.