债市早报：资金面宽松无虞；市场情绪有所修复，债市上涨

Group 1: Domestic News - The Ministry of Foreign Affairs expressed serious concern over the U.S. forcibly controlling Venezuelan President Maduro and his wife, stating that such actions violate international law and the principles of the UN Charter [2] - The Financial Regulatory Authority revised the "Commercial Bank M&A Loan Management Measures," expanding the scope of M&A loans to include certain equity acquisitions and optimizing loan conditions to better meet corporate financing needs [3] - The State Council issued a plan to strengthen the management of industrial solid waste, prohibiting the approval of mineral processing projects without self-built mines and tailings disposal facilities [4] Group 2: International News - President Trump announced plans to "manage" Venezuela until a safe transition of power can occur, indicating a deep involvement in the country's oil industry and stating that U.S. oil companies would invest billions to repair Venezuela's oil infrastructure [5] - International crude oil futures prices continued to decline, with WTI and Brent crude oil prices falling to $57.32 and $60.75 per barrel, respectively [5] Group 3: Financial Market Dynamics - On January 4, the central bank conducted a 365 billion yuan reverse repurchase operation at a fixed rate of 1.40%, resulting in a net withdrawal of 433.6 billion yuan due to the maturity of 470.1 billion yuan in reverse repos [6] - The money market remained stable post-New Year, with major repo rates declining significantly; DR001 fell by 9.06 basis points to 1.242%, and DR007 decreased by 55.35 basis points to 1.429% [7][8] Group 4: Bond Market Updates - The bond market experienced a positive start to the year, with the yield on the 10-year government bond falling by 0.95 basis points to 1.8405% and the 10-year policy bank bond yield decreasing by 1.80 basis points to 1.9300% [9] - No government bonds or policy bank bonds were issued on January 4 [10] Group 5: Credit Bond Events - Vanke reported a new equity freeze involving 250 million yuan for a subsidiary, while China Evergrande announced a restructuring agreement to sell shares at a 48% discount, expecting a net loss of 1.409 billion yuan [12] - Suning.com received court approval for a restructuring plan involving 38 companies, with a 36-month execution period [12]