每日债券市场要闻速递（2025-10-31）

Group 1 - New policy financial instruments worth 500 billion yuan have been deployed, expected to drive total project investment exceeding 7 trillion yuan [1] - China Merchants Securities has raised the upper limit of margin financing from 150 billion yuan to 250 billion yuan [2] - The National Development and Reform Commission has added 200 billion yuan in special bond quotas specifically to support investment construction in certain provinces [8] Group 2 - The U.S. Federal Reserve is expected to end its balance sheet reduction and may become a net buyer of government bonds again next year [3] - U.S. mortgage rates have decreased to 6.17%, marking the fourth consecutive week of decline [5] - Meta's bond issuance has achieved a record subscription of 125 billion dollars [6] Group 3 - Vanke has redeemed the "22 Vanke 07" corporate bond, with a redemption amount of 2.5 billion yuan and interest payment of 86.25 million yuan [9] - Muyuan Foods continues to push for debt reduction, aiming to lower its asset-liability ratio to below 50% [10] - Chipone Technology has completed the first issuance of technology innovation bonds for private integrated circuit enterprises in China [11] Group 4 - The National Financial Regulatory Administration supports wealth management companies to invest in pension-related assets through various means including bonds, stocks, non-standard debt assets, and derivatives [12]