李强主持召开经济形势专家和企业家座谈会，资金面维持宽松，债市有所修复

Report Summary 1. Report Industry Investment Rating No relevant content provided. 2. Core Viewpoints - On October 14, the capital market maintained a loose stance; the bond market recovered; the main indices of the convertible bond market declined collectively, with most individual convertible bonds falling; yields of US Treasury bonds across various maturities generally decreased, and yields of 10 - year government bonds in major European economies generally declined [1]. 3. Summary by Directory 3.1 Bond Market News 3.1.1 Domestic News - Premier Li Qiang chaired a symposium for experts and entrepreneurs on the economic situation, emphasizing counter - cyclical adjustment, expanding domestic demand, building an industrial ecosystem, and supporting foreign trade and investment [3]. - The Ministry of Commerce responded to US 301 investigation restrictions on China's shipping and other industries, announcing counter - measures [4]. - The central bank increased the volume of 6 - month term repurchase operations, with a net injection of 100 billion yuan in October [4]. - The central bank's monetary policy department will maintain exchange - rate stability and prevent over - adjustment risks [5]. - The Ministry of Finance and the central bank issued rules for central treasury cash management commercial bank time - deposit tenders [6]. 3.1.2 International News - Fed Chairman Powell hinted at a potential rate cut this month and that the balance - sheet reduction is nearing an end, warning of a deteriorating labor - market outlook [7]. 3.1.3 Commodities - International crude - oil futures prices turned down, and international natural - gas prices continued to fall on October 14 [8]. 3.2 Capital Market 3.2.1 Open - Market Operations - On October 14, the central bank conducted 91 billion yuan of 7 - day reverse - repurchase operations, with a net injection of 91 billion yuan [10]. 3.2.2 Capital Interest Rates - On October 14, the capital market remained loose, with DR001 rising 0.10bp to 1.314% and DR007 falling 1.81bp to 1.431% [11]. 3.3 Bond Market Dynamics 3.3.1 Interest - Bearing Bonds - Spot - Bond Yield Trends: On October 14, affected by the stock - market decline, loose capital, and trade - friction uncertainties, the bond market recovered. Yields of 10 - year Treasury bonds and 10 - year policy - bank bonds declined [15]. - Bond Tender Results: Multiple bonds, including those of CDB and Treasury bonds, were tendered on October 14, with details such as issuance scale, winning yields, and multiples provided [17]. 3.3.2 Credit Bonds - Secondary - Market Transaction Anomalies: On October 14, no credit - bond transaction prices deviated by more than 10% [18]. - Credit - Bond Events: Country Garden will hold a creditor's meeting for overseas - debt restructuring on November 5 [19]. 3.3.3 Convertible Bonds - Equity and Convertible - Bond Indices: On October 14, A - share indices and convertible - bond indices fell. The convertible - bond market turnover increased, and most individual convertible bonds declined [20]. - Convertible - Bond Tracking: Several companies had announcements regarding debt restructuring, lawsuits, cancellation of bond issuance, and early redemptions [22][23]. 3.3.4 Overseas Bond Markets - US Bond Market: On October 14, yields of US Treasury bonds across various maturities generally decreased, and yield spreads between different maturities widened [24][25]. - European Bond Market: Yields of 10 - year government bonds in major European economies generally declined on October 14 [27]. - Prices of Chinese - Issued US - Dollar Bonds: The daily price changes of Chinese - issued US - dollar bonds as of the close on October 14 are presented, including the top 10 gainers and losers [29].