SWHY(SZ:000166) 申万宏源证券上海北京西路营业部·2025-09-23 02:39Core Viewpoint - The article provides an overview of the holiday trading schedule for the A-share market and highlights the opportunities for investors to engage in government bond reverse repos during the holiday period [5][9]. Trading Schedule - The A-share market will be closed from October 1 (Wednesday) to October 8 (Wednesday) for the National Day and Mid-Autumn Festival, resuming normal trading on October 9 (Thursday) [5]. - The Hong Kong Stock Connect will also be unavailable during the same period, with services resuming on October 9 [5]. Government Bond Reverse Repo - Government bond reverse repos are described as short-term loans where individuals lend their funds to earn fixed interest, with government bonds used as collateral by the borrower [9]. - The safety and yield of government bond reverse repos are considered comparable to government bonds, making them an attractive option for managing idle funds, especially before holidays [9][13]. - The article emphasizes the importance of monitoring interest rates and selecting suitable terms to maximize returns on idle cash [9][13]. Participation Guidelines - The minimum investment for government bond reverse repos is set at 1,000 yuan, with various term options available for investors to choose from [13]. - Investors are advised to execute one-day reverse repos two trading days before the holiday to benefit from holiday earnings without affecting other trading activities [13]. Specific Strategies for the Holiday - A detailed table outlines the participation dates, terms, and interest calculation days for government bond reverse repos leading up to the holiday [11][14]. - The article also introduces the "Baolixin/Baoliyuan" products, which are part of the Shenzhen Stock Exchange's quoted repo business, allowing investors to engage in financing through collateralized assets [15].