Bank Of Jiangsu(SH:600919) Xin Hua Cai Jing·2025-05-09 13:15Group 1 - The People's Bank of China conducted a 770 billion yuan reverse repurchase operation with a stable interest rate of 1.40%, resulting in a net injection of 770 billion yuan into the market as there were no reverse repos maturing on that day [1] - The Shanghai Interbank Offered Rate (Shibor) for short-term products has declined for four consecutive days, with the overnight Shibor down by 4.20 basis points to 1.4970%, the 7-day Shibor down by 7.50 basis points to 1.5190%, and the 14-day Shibor down by 12.60 basis points to 1.5540% [1][2] Group 2 - In the interbank pledged repo market, short-term rates continued to decline, with the weighted average rates for DR001 and R001 falling by 3.9 basis points and 5.4 basis points, respectively, to 1.4908% and 1.5221%, with transaction volumes decreasing by 165.7 billion yuan and 181.3 billion yuan [5] - The funding environment remained loose, with overnight rates for deposits trading in the range of 1.53%-1.55% and dropping to as low as 1.48% by the end of the trading day [9] Group 3 - As of May 9, 228 interbank certificates of deposit were issued, with a total issuance amount of 493.7 billion yuan, reflecting a downward trend in yields across various maturities due to the overall easing of the funding environment [10] - The People's Bank of China emphasized the implementation of a moderately loose monetary policy, aiming to maintain ample liquidity and align the growth of social financing and money supply with economic growth and price level expectations [12]