Xin Hua Cai Jing·2026-01-23 15:38Group 1 - The People's Bank of China conducted a 1,250 billion yuan 7-day reverse repurchase operation at an interest rate of 1.40%, maintaining the previous rate, resulting in a net injection of 383 billion yuan after 867 billion yuan of reverse repos matured on the same day [1] - For the week, the People's Bank of China executed a total of 11,810 billion yuan in 7-day reverse repurchase operations, with 9,515 billion yuan maturing, leading to a total net injection of 2,295 billion yuan [1] - The Shanghai Interbank Offered Rate (Shibor) for short-term instruments showed a slight decline, with overnight Shibor down by 1.70 basis points to 1.3960%, 7-day Shibor down by 0.60 basis points to 1.4910%, and 14-day Shibor down by 1.30 basis points to 1.5770% [1] Group 2 - In the interbank pledged repo market, short-term funding rates remained stable, with the weighted average rate for DR001 down by 1.88 basis points to 1.3983%, DR007 down by 1.39 basis points to 1.4935%, and DR014 up by 0.19 basis points to 1.5837% [7] - The overall funding situation on January 23 was balanced, with overnight pledged rates for certificates of deposit trading in the range of 1.52%-1.53% and credit transactions around 1.53%-1.55% [10] - In the secondary market for certificates of deposit, trading was active with yields for various maturities declining, including 1M national bank stocks at approximately 1.50%, 3M at 1.575%, 6M at 1.59%, 9M at 1.595%, and 1Y at 1.5925%, all showing a decrease of about 1 to 1.75 basis points from the previous day [11]