货币市场日报：8月5日

Monetary Policy and Market Operations - The People's Bank of China conducted a 7-day reverse repurchase operation of 160.7 billion yuan at an interest rate of 1.40%, maintaining the previous rate, resulting in a net withdrawal of 288.5 billion yuan due to 449.2 billion yuan of reverse repos maturing on the same day [1] - The overnight Shanghai Interbank Offered Rate (Shibor) remained low at around 1.3%, with specific rates showing slight fluctuations: overnight Shibor increased by 0.10 basis points to 1.3150%, while 7-day Shibor decreased by 0.40 basis points to 1.4320% [1] Interbank Repo Market - In the interbank pledged repo market, short-term rates showed a slight decline, with DR001 and R001 weighted average rates remaining stable, while DR007 and R007 rates decreased by 0.7 basis points and 1.0 basis points respectively, with transaction volumes increasing significantly [3] - The weighted average rates for DR014 and R014 also decreased, indicating a trend of lower borrowing costs in the short-term market [3] Interbank Lending and Certificates of Deposit - The interbank lending market showed a relaxed funding environment, with overnight rates for various collateral types fluctuating between 1.30% and 1.48%, indicating a downward trend in borrowing costs [6] - As of 5:30 PM on August 5, 86 interbank certificates of deposit were issued, totaling 129.22 billion yuan, with overall market sentiment remaining subdued [7] Financial Policy and Industry Support - The People's Bank of China and six other departments issued guidelines to enhance financial support for new industrialization, emphasizing the need for coordinated industrial and financial policies to promote high-quality financial services and prevent excessive competition [9] - The guidelines aim to facilitate the aggregation of financial resources towards industrial clusters and specialized development, supporting reasonable industrial layout and expansion [9]