Group 1: Domestic News - The People's Bank of China and the National Financial Regulatory Administration announced that the minimum down payment ratio for commercial property loans will be adjusted to no less than 30% [2] - The Ministry of Finance and the State Taxation Administration extended tax incentives for public rental housing until December 31, 2027, including exemptions from urban land use tax and stamp duty for related entities [2] Group 2: Market Dynamics - The China Securities Regulatory Commission emphasized maintaining market stability and preventing large fluctuations, while promoting long-term investment and value investing [3] - The Financial Regulatory Administration called for the normalization of a coordinated financing mechanism for urban real estate and effective risk resolution for financing platforms [3] Group 3: International News - Federal Reserve Governor Bowman suggested that the Fed should be prepared to lower interest rates if the labor market does not show significant improvement, while expressing optimism about easing inflation pressures [4] Group 4: Bond Market - On January 16, the bond market showed signs of warming, with the yield on the 10-year government bond falling by 1.20 basis points to 1.8430% [8] - The secondary market for credit bonds saw significant price deviations, with "21 Vanke 06" rising over 10% and "23 Vanke 01" increasing by over 21% [10] Group 5: Convertible Bonds - The convertible bond market saw major indices rise, with the China Convertible Bond Index increasing by 0.47% and trading volume reaching 103.48 billion yuan, up 8.11 billion yuan from the previous trading day [17] - New listings such as Aohong Convertible Bond and Shuangle Convertible Bond hit the upper limit, while some existing bonds like Xinzhi Convertible Bond fell over 10% [17]