货币市场日报：12月15日

Group 1 - The People's Bank of China conducted a 130.9 billion yuan reverse repurchase operation with a 7-day term at an interest rate of 1.40%, maintaining the previous rate, resulting in a net injection of 8.6 billion yuan after 122.3 billion yuan of reverse repos matured on the same day [1] - The Shanghai Interbank Offered Rate (Shibor) showed a slight decline in the overnight and 7-day rates, while other tenors experienced minor increases. Specifically, the overnight Shibor decreased by 0.50 basis points to 1.2740%, and the 7-day Shibor fell by 1.90 basis points to 1.4320% [1][2] - In the interbank pledged repo market, the weighted average rates for DR001 and R001 decreased by 0.1 basis points, while DR007's rate increased by 0.5 basis points. The transaction volumes for DR001 and R001 rose by 59.3 billion yuan and 67 billion yuan, respectively [4] Group 2 - The overall funding situation in the market was balanced, with overnight transactions occurring in the range of 1.45% to 1.46% and 7-day transactions around 1.49%. Cross-year funding rates were noted at approximately 1.63% [9] - As of December 15, there were 107 interbank certificates of deposit issued, with a total issuance amount of 179.14 billion yuan [9] - The People's Bank of China reported that in November, the increase in Shanghai's RMB loans was 45.5 billion yuan, which was 7.4 billion yuan less than the previous year, while RMB deposits increased by 73 billion yuan, down 57.6 billion yuan year-on-year [12]