货币市场日报：11月12日

Group 1 - The People's Bank of China conducted a 1,955 billion yuan 7-day reverse repurchase operation at an interest rate of 1.40%, maintaining the previous rate, resulting in a net injection of 1,300 billion yuan after 655 billion yuan of reverse repos matured on the same day [1] - The Shanghai Interbank Offered Rate (Shibor) for short-term instruments saw a slight decline, with the overnight Shibor dropping by 9.30 basis points to 1.4150%, and the 7-day Shibor decreasing by 2.70 basis points to 1.4740% [1][2] - In the interbank pledged repo market, short-term funding rates fell across the board, with the weighted average rates for DR001 and R001 decreasing by 9.0 basis points and 7.0 basis points, respectively, while transaction volumes for these instruments increased [4] Group 2 - As of November 12, 113 interbank certificates of deposit were issued, with a total issuance amount of 1,999.8 million yuan, indicating active trading in the secondary market [10] - The People's Bank of China emphasized the importance of improving the central bank system as a strategic measure for promoting high-quality financial development during the 14th Five-Year Plan period [12] - New insurance premium income for Xinhua Insurance reached 1,819.73 million yuan in the first ten months of 2025, reflecting a year-on-year growth of 17% [12]