Xin Lang Cai Jing·2026-01-28 01:01Core Viewpoint - The People's Bank of China has announced an extension for the exchange period of the 2026 Year of the Horse commemorative coins and notes, with various regions extending the deadline to early February 2026 to accommodate public demand [1][2][3]. Group 1: Exchange Period and Regions - The nationwide unified exchange period for the 2026 Year of the Horse commemorative coins and notes is set from January 20 to January 26, 2026 [2]. - Regions such as Beijing, Ningxia, Shenzhen, Chongqing, Inner Mongolia, Heilongjiang, and Shanxi have extended the exchange deadline, with some areas allowing exchanges until February 2, 2026 [1][2][3]. Group 2: Bank Participation and Procedures - Major banks including Industrial and Commercial Bank of China (ICBC), China Construction Bank (CCB), and Bank of Communications have issued announcements regarding the extension and exchange rules [3][4]. - Customers who successfully reserved the commemorative coins and notes but did not exchange them during the initial period can now do so from January 27 to January 31, 2026, at their designated bank branches [4][3]. Group 3: Current Exchange Status - As of January 25, 2026, the exchange progress for the 2026 Year of the Horse commemorative coins was 80.8%, with 80.8 million coins reserved, while the commemorative notes had a progress of 89.47% with 89.45 million notes reserved [7]. - Specific regions reported varying exchange rates, with Beijing achieving a 95.34% exchange rate for coins and 98.02% for notes by January 26, 2026 [7]. Group 4: Market Trends - The secondary market for the commemorative coins and notes has seen a decline in prices, with many sellers reducing their asking prices below 1,000 yuan, contrasting with previous high prices [8][12]. - However, the price for sequentially numbered commemorative notes has increased, with some listings showing prices that have doubled compared to their face value [14].