转自：证券时报 人民财讯12月2日电，央行公开市场开展1563亿元7天期逆回购操作，操作利率1.40%，与前次持平。 转自：证券时报 人民财讯12月2日电，央行公开市场开展1563亿元7天期逆回购操作，操作利率1.40%，与前次持平。 ...

每日经济新闻 每经AI快讯，11月27日，央行开展3564亿元7天逆回购操作，投标量3564亿元，中标量3564亿元，操作 利率为1.40%，与此前持平。 【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 ...

北京商报讯 （记者 岳品瑜 实习生 岳雯艳）11月26日，据人民银行官网，中国人民银行以固定利率、数 量招标方式开展了2133亿元7天期逆回购操作。操作利率1.40%，投标量2133亿元，中标量2133亿元。 今日有3105亿元7天期逆回购到期，实现净回笼972亿元。 ...

Group 1 - The domestic market interest rates are showing a "short weak long stable" trend, with short-term funding demand weak and market rates declining [1][3] - As of November 24, the overnight, 1-week, and 2-week Shibor rates are reported at 1.316%, 1.447%, and 1.542%, respectively, showing decreases of 19.2, 6.7, and 0.8 basis points compared to November 17 [2][3] - The 1-month, 3-month, 6-month, 9-month, and 1-year Shibor rates remain unchanged at 1.52%, 1.58%, 1.62%, 1.64%, and 1.65% [2][3] Group 2 - A total of 1.676 trillion yuan in reverse repos is set to mature this week, with the central bank conducting 338.7 billion yuan in reverse repo operations [3] - There is a high probability that the central bank will roll over or exceed the 900 billion yuan in medium-term lending facility (MLF) that is maturing this week [3] - Overall, the impact of the central bank's reverse repo operations on liquidity is minimal, but the likelihood of stronger domestic market interest rates next week is high due to increased funding demand entering December [3]

投资咨询业务资格:证监详可【2012】31号 宏观金融数据日报 对于股指来说,预计年内市场分歧将在股指震荡调整中逐步消化,待 新的驱动主线带来股指进一步上行。同时,中央汇金的托底功能为指数提 供了缓冲,下行风险预计可控。短期可重点关注海外流动性变化信号,以 及国内政策会否提前发力。 | | 项目 | 当月合约 | 下月合约 | 当季合约 | 下季合约 | | --- | --- | --- | --- | --- | --- | | H | IF升贴水 | 4.22% | 4.44% | 2.97% | 3.41% | | 贴 | IH升贴水 | 3.05% | 2.09% | 0.98% | 1.11% | | 水 | IC升贴水 | 8.79% | 9.16% | 9.26% | 10.43% | | 情 况 | IM升贴水 | 12.49% | 12.18% | 11.89% | 12.18% | 注:括号里的数值为年化计算后的升贴水率(标绿为升水,标红为贴水）。 数据来源:wind 本报告中的信息均源于公开可获得的资料,国贸期货力求准确可靠,但不对上述信息的准确 性及完整性做任何保证。本报告不构成个人 ...

Overview - The liquidity environment has been volatile due to tax periods, government bond payments, and new listings on the Beijing Stock Exchange, leading to a rise in funding rates at the beginning of the week [1] - The central bank's continued liquidity injections and the nearing end of tax payments have contributed to a decline in funding rates by the end of the week [1] Funding Market - From November 24-28, the funding market is expected to remain turbulent as it enters a cross-month week, with significant repayment pressures anticipated [2] - The R001 and R007 rates are projected to experience upward pressure, with potential peaks around 1.60% during the cross-month period [2] Open Market Operations - A total of 25,760 billion yuan will mature in the central bank's open market from November 24-28, with 16,760 billion yuan in reverse repos and 9,000 billion yuan in MLF [3] - The central bank plans to conduct regular MLF operations and issue treasury deposits to alleviate some of the maturing pressure [3] Bill Market - The weighted issuance rate for interbank certificates of deposit rose to 1.64%, reflecting an increase of 0.6 basis points from the previous week [4] - Major banks have shifted to net selling, with a net sell of 23.5 billion yuan during the week of November 17-20 [4] Government Bonds - The net payment for government bonds from November 24-28 is expected to be 2,337 billion yuan, a decrease from the previous week's 3,629 billion yuan [5] - The increase in maturing treasury bonds has contributed to the reduction in net payment [5] Negotiable Certificates of Deposit - The issuance rate for negotiable certificates of deposit has further increased, while the maturity pressure has decreased to 7,522 billion yuan for the week of November 24-28 [6] - This is a decline from the previous week's maturity pressure of 9,209 billion yuan [6]

Group 1 - The central bank will have a total of 16,760 billion yuan in reverse repos maturing this week [1] - The reverse repos maturing from Monday to Friday are 2,830 billion yuan, 4,075 billion yuan, 3,105 billion yuan, 3,000 billion yuan, and 3,750 billion yuan respectively [1] - On Tuesday, there will be 9,000 billion yuan of Medium-term Lending Facility (MLF) maturing, and on Friday, 3,000 billion yuan of 182-day buyout reverse repos will mature [1]

点评：央行开展3000亿元7天期逆回购操作显示其积极调控市场流动性，以应对短期资金压力和稳定市 场利率。操作利率维持不变表明央行对当前经济环境持中性态度。 NO.2 中国银行回应股价创历史新高 据中证金牛座，11月20日，银行板块表现强势，中国银行涨超4%，股价再创历史新高。针对股价异 动，中国银行董事会办公室投资者关系团队相关工作人员表示："公司基本面未发生重大变化，目前正 持续关注股价波动情况。此次股价上涨，一方面得益于银行板块整体上涨趋势的带动，并非我行个例； 另一方面，公司三季报披露的主要经营数据保持稳健，基本面支撑下股价得到合理反映。" |2025年11月21日星期五| NO.1央行开展3000亿元7天期逆回购操作 11月20日，央行开展3000亿元7天期逆回购操作，投标量3000亿元，中标量3000亿元，操作利率为 1.40%，与此前持平。当日有1900亿元7天期逆回购到期。 （文章来源：每日经济新闻） NO.3农发行与建设银行签订全面合作协议 11月19日，中国农业发展银行（简称"农发行"）与中国建设银行股份有限公司（简称"建设银行"）在京 签订全面合作协议。双方采用"总行+分行"签约形式，13 ...

Core Points - The central bank conducted a 300 billion yuan reverse repurchase operation with a 7-day maturity at an interest rate of 1.40%, unchanged from previous rates [1] - A total of 190 billion yuan in 7-day reverse repos matured today [1] Group 1 - The central bank's reverse repurchase operation aims to manage liquidity in the financial system [1] - The interest rate for the operation remains stable, indicating a consistent monetary policy stance [1] - The maturity of 190 billion yuan in reverse repos reflects ongoing liquidity management efforts by the central bank [1]

Core Viewpoint - The People's Bank of China conducted a 7-day reverse repurchase operation amounting to 310.5 billion yuan at a fixed interest rate of 1.40% on November 19, 2025 [1] Summary by Category Reverse Repo Operation Details - The operation was conducted with a total bid amount of 310.5 billion yuan, which was also the amount awarded [1] - The interest rate for the 7-day reverse repurchase operation was set at 1.40% [1]