本文由 AI 算法生成，仅作参考，不涉投资建议，使用风险自担 【1月26日央行开展逆回购操作，当日实现净回笼2078亿元】1月26日，中国央行开展1505亿元7天期逆 回购操作。因当日有2000亿元1年期中期借贷便利和1583亿元7天期逆回购到期，当日实现净回笼2078亿 元。 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不 对所包含内容的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担 全部责任。邮箱：news_center@staff.hexun.com ...

1月26日金融一线消息，2026年1月26日中国人民银行以固定利率、数量招标方式开展了1505亿元7天期逆回购操作。 | 期限 | 操作利率 | 投标量 | 中标量 | | --- | --- | --- | --- | | 7天 | 1.40% | 1505亿元 | 1505亿元 | 责任编辑：曹睿潼 1月26日金融一线消息，2026年1月26日中国人民银行以固定利率、数量招标方式开展了1505亿元7天期逆回购操作。 | 期限 | 操作利率 | 投标量 | 中标量 | | --- | --- | --- | --- | | 7天 | 1.40% | 1505亿元 | 1505亿元 | 责任编辑：曹睿潼 ...

Economic Indicators - The January PMI data will be released on January 31, with December's PMI at 50.1%, an increase of 0.9 percentage points, marking a return to the expansion zone after eight months below 50% [1][10]. Monetary Policy - The Federal Reserve is expected to announce its interest rate decision next week, with a 95% probability that rates will remain unchanged during the January meeting [2][10]. - Citic Securities believes that the criminal investigation into Powell will not pressure the Fed into aggressive rate cuts, predicting a pause in rate cuts for January [2][10]. Central Bank Operations - The central bank conducted a reverse repo operation of 11,810 billion yuan this week, with a net injection of 2,295 billion yuan after 9,515 billion yuan matured [3][11]. - Next week, 11,810 billion yuan in reverse repos will mature, with specific maturities scheduled throughout the week [3][11]. Stock Market Developments - Over 40 billion yuan in market value of restricted shares will be unlocked next week, with January 27 being the peak day for unlocks [4][12]. - The top three companies by unlock market value are Haibo Sichuang (231.54 billion yuan), Fostar (53.67 billion yuan), and Yifang Bio-U (42.51 billion yuan) [4][12]. New Stock Opportunities - Three new stocks will be issued next week: Beixin Life on January 26, and Linping Development and Electric Science Blue Sky on January 30 [7][14]. - The subscription details for the new stocks include a price of 17.52 yuan for Beixin Life and subscription limits for the other two stocks [8][15].

Group 1 - The January PMI data will be released on January 31, with December's PMI at 50.1%, an increase of 0.9 percentage points, marking a return to the expansion zone after eight months below 50% [2] - The Federal Reserve is expected to maintain interest rates at the upcoming meeting, with a 95% probability of no change according to the CME's FedWatch tool [3] - The People's Bank of China (PBOC) will have a total of 11,810 billion yuan in reverse repos maturing next week, with a net injection of 2,295 billion yuan this week [4] Group 2 - Over 40 billion yuan in locked shares will be unlocked next week, with January 27 being the peak day for unlocks, led by Haibo Sichuang at 23.154 billion yuan [5][6] - Three new stocks will be issued next week, including Beixin Life on January 26 and Linping Development and Electric Science Blue Sky on January 30 [8][9]

每经AI快讯，1月23日，央行开展1250亿元7天逆回购操作，投标量1250亿元，中标量1250亿元，操作 利率为1.40%，与此前持平。 每日经济新闻 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不 对所包含内容的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担 全部责任。邮箱：news_center@staff.hexun.com ...

人民财讯1月23日电，2026年1月23日中国人民银行以固定利率、数量招标方式开展了1250亿元7天期逆 回购操作，操作利率1.40%。 ...

（文章来源：每日经济新闻） 每经AI快讯，1月22日，央行开展2102亿元7天逆回购操作，操作利率为1.40%，与此前持平。 ...

Core Viewpoint - The People's Bank of China conducted a 7-day reverse repurchase operation amounting to 324 billion yuan at a fixed interest rate of 1.40%, maintaining the previous rate [1] Group 1 - The operation involved a total of 3240 billion yuan, indicating a significant liquidity provision in the market [1] - The interest rate for the reverse repurchase operation remained unchanged at 1.40%, suggesting a stable monetary policy stance [1]

Group 1 - The central bank conducted a 7-day reverse repurchase operation amounting to 324 billion yuan on January 20, 2026 [1][2] - The bidding amount and the awarded amount were both 324 billion yuan, indicating full subscription [1][2] - The operation interest rate remained unchanged at 1.40%, consistent with previous rates [1][2]

Group 1: Open Market Operations - The central bank conducted a 7-day reverse repurchase operation of 867 billion yuan at a fixed rate of 1.40% on January 16, resulting in a net injection of 527 billion yuan for the day after accounting for 340 billion yuan in reverse repos maturing [2] - For the week, a total net injection of 812.8 billion yuan was achieved [2] - Upcoming reverse repos of 9.515 billion yuan are set to mature from January 19 to 23, along with 1.5 billion yuan in treasury cash deposits maturing on the 23rd [2] Group 2: Funding Conditions - The interbank market is gradually becoming more relaxed, with the weighted average rate of DR001 dropping over 4 basis points to around 1.32% [4] - Overnight rates in the anonymous click (X-repo) system have also decreased to approximately 1.30%, with supply around 100 billion yuan [4] - Non-bank institutions are borrowing overnight against pledged credit bonds at rates concentrated around 1.45% [4] Group 3: Interest Rates and Yields - The yield on major interbank bonds has generally declined [6] - The latest one-year interbank certificates of deposit are trading around 1.63%, showing a slight decrease from the previous day [7] - Government bond futures closed mostly higher, with the 10-year main contract rising by 0.01% [11] Group 4: Regulatory Developments - The China Securities Regulatory Commission (CSRC) emphasized maintaining stability in the market and preventing large fluctuations, while also promoting reforms in the ChiNext and STAR Market to enhance refinancing convenience [12] - The State-owned Assets Supervision and Administration Commission (SASAC) is focusing on optimizing the layout and structure of state-owned enterprises in 2026 [12] Group 5: Global Macro Insights - The Bank of Japan is increasingly concerned about the risks of inflation due to a weakening yen, potentially leading to an upward revision of economic growth and inflation expectations for the fiscal year 2026 [14] - Barclays analysts project that U.S. corporate bond issuance will reach $2.46 trillion in 2026, an 11.8% increase from 2025, driven by demand in the artificial intelligence sector [14] Group 6: Bond Market Events - Fitch Ratings upgraded the long-term credit rating of Dalian Wanda Commercial Management Group from RD to CC [16] - Goldman Sachs plans to issue bonds to raise $16 billion, setting a record for Wall Street banks [16] - U.S. overseas investors increased their net holdings of U.S. Treasury bonds by $85.6 billion in November 2025 [16]