【立方债市通】郑州督促县区向上争取债券额度清债/交易商协会优化债务融资工具成熟层企业机制/许昌一国企5亿元PPN选聘主承销商

Group 1: Market Trends - On September 15, government bond futures closed higher across the board, with the 30-year main contract rising by 0.21% to 115.400, the 10-year main contract up by 0.12% to 107.805, the 5-year main contract increasing by 0.07% to 105.655, and the 2-year main contract gaining 0.01% to 102.376 [1] - The yields on major interbank interest rate bonds initially decreased before rising, with the 10-year China Development Bank bond yield increasing by 0.25 basis points to 1.937%, and the 10-year government bond yield rising by 0.35 basis points to 1.793% [1] Group 2: Policy Changes - The China Interbank Market Dealers Association announced the optimization of the debt financing tool mechanism for mature enterprises, reducing the issuance hanging time to one working day and extending the validity period of the first-class enterprise registration notice from two years to three years [2] Group 3: Central Bank Operations - The central bank conducted a 2800 billion yuan 7-day reverse repurchase operation on September 15, with a net injection of 885 billion yuan after accounting for 1915 billion yuan in reverse repos maturing on the same day [4] - The central bank has continued to increase the amount of buyout reverse repos for four consecutive months, with a net injection of 3000 billion yuan in September [4] Group 4: Regional Developments - Zhengzhou is focusing on clearing overdue payments to enterprises, with plans to utilize national debt policies to secure more bond quotas for settling debts [5] - Hangzhou aims to achieve a zero financing platform target by the end of this year, enhancing debt risk monitoring capabilities [6] Group 5: Issuance Activities - Zhengzhou Zhongying Investment Development Group completed the issuance of 100 million yuan of medium-term notes with an interest rate of 2.57% [7] - Henan Silicon Valley New Materials Technology Company plans to issue up to 500 million yuan in private placement notes [8] - Zhejiang Provincial Transportation Investment Group is set to issue 30 billion yuan in public bonds, with a credit rating of AAA [10] Group 6: Corporate Changes - The controlling shareholder of Lanzhou Lanshi Group has changed to Gansu Provincial State Investment Group [12] - CIFI Group's restructuring plan for 100.6 billion yuan of domestic bonds has been approved by bondholders [13] Group 7: Market Sentiment - CITIC Construction Investment expects long-term interest rates to fluctuate widely and potentially rise slowly, suggesting a cautious approach to bond market investments [17] - Huatai Fixed Income Research highlights the need to monitor potential rebound opportunities in the bond market after October [18] - China Merchants Fixed Income advises against aggressive buying during any potential bond market rebound, emphasizing a cautious stance [20]