大消息！央行出手，9000亿元

Core Viewpoint - The People's Bank of China (PBOC) is implementing measures to maintain liquidity in the banking system, including a significant reverse repurchase operation and a commitment to a moderately accommodative monetary policy for 2026 [1][4][6]. Group 1: Monetary Policy Actions - On January 15, 2026, the PBOC will conduct a reverse repurchase operation of 900 billion yuan with a term of 181 days to ensure ample liquidity in the banking system [1]. - The PBOC also conducted a 7-day reverse repurchase operation amounting to 240.8 billion yuan at a bid rate of 1.4% [4][5]. Group 2: Market Conditions - The interbank funding market showed mixed trends, with the overnight Shanghai Interbank Offered Rate (Shibor) rising by 7.5 basis points to 1.391%, and the 7-day Shibor increasing by 5 basis points to 1.523% [6]. - The weighted average rate of DR007 rose to 1.5474%, exceeding the policy rate level, indicating tighter liquidity conditions [6]. Group 3: 2026 Work Plan - The PBOC's 2026 work plan emphasizes the continuation of moderately accommodative monetary policy, enhancing financial services for high-quality economic development, and addressing financial risks in key areas [6][7]. - Key tasks include improving the structure of monetary policy tools, supporting sectors like technology innovation and small enterprises, and maintaining stability in the RMB exchange rate [7][8]. Group 4: Financial Reform and Management - The PBOC aims to deepen financial reform and openness, optimize mechanisms for cross-border financial services, and enhance the management of foreign exchange [8][9]. - The focus will be on creating a more convenient, open, secure, and intelligent foreign exchange management system, while ensuring the safety and liquidity of foreign exchange reserves [9].