pingmei coal(SH:601666) Sou Hu Cai Jing·2026-01-20 12:55Group 1 - The Ministry of Finance will improve the management of the negative list for special bond projects in 2026 and deepen the pilot program for local "self-examination and self-initiation" [1][2] - In 2025, after replacing existing hidden debts, the average interest cost of local government debt decreased by over 2.5 percentage points, significantly reducing the burden on local governments [1] - New policies will support risk-sharing mechanisms for private enterprise bonds, with the central government allocating risk-sharing funds to provide credit support for bond issuance by private enterprises and private equity investment institutions [2] Group 2 - The People's Bank of China announced that the 1-year Loan Prime Rate (LPR) remains unchanged at 3.0%, while the 5-year LPR is also unchanged at 3.5% [5] - The China Securities Association reported self-regulatory penalties for 143 instances involving 108 institutions in the interbank bond market for violations, including low-price underwriting of financial bonds [5] - The Ministry of Natural Resources and the Ministry of Housing and Urban-Rural Development issued measures to further support urban renewal actions, allowing the use of existing land and property resources for national-supported industries [7] Group 3 - Anhui Province plans to issue 240 billion yuan in special bonds for replacing hidden debts, with a tender scheduled for January 27 [10] - The Henan Province Zhongyu Ningzi Construction Development Group plans to issue 600 million yuan in corporate bonds, which has been approved by the Shanghai Stock Exchange [11] - The first commercial aerospace-themed merger note in China was successfully issued, with a scale of 200 million yuan and a coupon rate of 2.25% [12] Group 4 - China Pingmei Shenma Group completed its restructuring, increasing its registered capital from approximately 194.3 billion yuan to about 377.4 billion yuan, a growth of about 94% [13] - Zhengzhou Cultural Tourism and Sports Group received an AA+ credit rating, with a stable outlook [17] - The chairman of Jiangsu Environmental Protection Group is under investigation for serious violations of discipline and law [20]