NJBK(SH:601009) Xin Lang Cai Jing·2026-01-22 13:01Group 1 - The People's Bank of China conducted a 210.2 billion yuan 7-day reverse repurchase operation at an interest rate of 1.40%, maintaining the previous rate, resulting in a net injection of 30.9 billion yuan after 179.3 billion yuan of reverse repos matured on the same day [1] - The overnight Shanghai Interbank Offered Rate (Shibor) rose by 9.10 basis points to 1.4130%, while the 7-day Shibor increased by 0.90 basis points to 1.4970% [1] - In the interbank pledged repo market, the overnight rates rose above 1.4%, with DR001 and R001 weighted average rates increasing by 9.6 basis points and 8.7 basis points, respectively, while transaction volumes decreased significantly [4] Group 2 - The overall funding situation on January 22 was described as balanced but slightly tight, with overnight transaction rates for pledged deposits remaining in the range of 1.48%-1.50% [8] - The secondary market for negotiable certificates of deposit (NCDs) showed active trading, with yields for various maturities experiencing slight fluctuations, such as the 1-month NCD closing at around 1.51% [9] - The People's Bank of China plans to maintain ample liquidity in the banking system and will conduct a 900 billion yuan Medium-term Lending Facility (MLF) operation on January 23, 2026, with a one-year term [12]