宏观金融数据日报-20250929

Group 1: Market Data Summary - DR001 closed at 1.32 with a -15.67bp change, DR007 at 1.53 with a -7.04bp change, GC001 at 1.36 with a -13.50bp change, and GC007 at 0.00 with a -187.00bp change [4] - SHBOR 3M closed at 1.58 with a 0.40bp change, LPR 5 - year at 3.50 with a 0.00bp change [4] - 1 - year, 5 - year, and 10 - year Chinese treasury bonds closed at 1.39 (-1.00bp), 1.63 (-0.73bp), and 1.88 (-0.78bp) respectively, while 10 - year US treasury bonds closed at 4.20 with a 2.00bp change [4] - Last week, the central bank conducted 2467.4 billion yuan in reverse repurchase operations and 600 billion yuan in MLF operations, with 1826.8 billion yuan in reverse repurchase and 300 billion yuan in 1 - year MLF maturing, resulting in a net injection of 940.6 billion yuan [4] - This week, 516.6 billion yuan in reverse repurchase will mature, with 240.5 billion and 276.1 billion maturing on Monday and Tuesday respectively, and 300 billion yuan in 182 - day buy - out reverse repurchase maturing on Tuesday [5] Group 2: Stock Index Market - The closing prices and changes of major stock indices: CSI 300 at 4550 (-0.95%), SSE 50 at 2941 (-0.40%), CSI 500 at 7241 (-1.37%), and CSI 1000 at 7398 (-1.45%) [6] - The closing prices and changes of index futures contracts: IF at 4543 (-0.9%), IH at 2945 (-0.3%), IC at 7203 (-1.2%), and IM at 7357 (-1.2%) [6] - Trading volume and open interest changes: IF volume decreased by 9.3% to 121085, IH volume decreased by 6.9% to 48226, IC volume increased by 4.9% to 136035, and IM volume increased by 14.2% to 242990; IF open interest decreased by 2.4% to 259924, IH open interest increased by 1.1% to 95988, IC open interest increased by 1.4% to 252224, and IM open interest increased by 3.3% to 364864 [6] - Last week, CSI 300 fell 0.44% to 4501.9, SSE 50 fell 1.98% to 2909.7, CSI 500 rose 0.32% to 7170.3, and CSI 1000 rose 0.21% to 7438.2; only the power equipment (3.9%) and electronics (3.5%) sectors in the Shenwan primary industry index rose, while banking (-0.5%), non - ferrous metals (-3.5%), non - banking finance (-0.1%), steel (-1.1%), and agriculture, forestry, animal husbandry and fishery (-2%) led the decline [6] - As of September 25, the margin trading balance in the A - share market was 2436.61 billion yuan, an increase of 46.18 billion yuan from the previous week [6] Group 3: Market Outlook and Analysis - The central bank governor stated that China's monetary policy adheres to a self - centered approach while considering internal and external balance, and will use various monetary policy tools to ensure sufficient liquidity [5] - Recently, the macro news has been calm, and the stock index has been oscillating; due to poor domestic economic data, there is a stronger expectation for policies to promote consumption, stabilize the real estate market, and expand fiscal spending [7] - The Fourth Plenary Session of the 20th Central Committee of the Communist Party of China will be held in October, focusing on formulating the 15th Five - Year Plan and analyzing the current economic situation, which is worthy of attention [7] - The stock index trend remains bullish, but the policy aims to guide the A - share market to a "slow - bull" pattern, and it is recommended to adjust and go long, while controlling positions before the holiday [7] Group 4: Index Futures Premium and Discount - IF premium/discount rates: 0.00% for the current - month contract, 2.62% for the next - month contract, 2.45% for the current - quarter contract, and 2.31% for the next - quarter contract [8] - IH premium/discount rates: -2.73% for the current - month contract, -0.50% for the next - month contract, -0.51% for the current - quarter contract, and -0.04% for the next - quarter contract [8] - IC premium/discount rates: 10.16% for the current - month contract, 9.81% for the next - month contract, 9.89% for the current - quarter contract, and 9.76% for the next - quarter contract [8] - IM premium/discount rates: 10.54% for the current - month contract, 11.55% for the next - month contract, 12.54% for the current - quarter contract, and 12.13% for the next - quarter contract [8]