Industry News - The China Securities Regulatory Commission held a report meeting to promote the spirit of the 20th National Congress, emphasizing the need for a more resilient and robust market, more inclusive and attractive regulations, higher quality and better value listed companies, and more effective regulatory enforcement [4] - The Shanghai Municipal Cyberspace Administration, in collaboration with various departments, has launched a special campaign to regulate online real estate information dissemination, focusing on combating false information and market manipulation related to the Shanghai real estate market [4] - The Financial Regulatory Bureau reported that by the end of Q3 2025, the total assets of China's banking financial institutions reached 474.3 trillion yuan, reflecting a year-on-year growth of 7.9% [5] - The Ministry of Commerce announced further measures to strengthen the management of second-hand car exports, including stricter controls on new cars exported under the guise of second-hand vehicles, effective from January 1, 2026 [5] Company News - Hezhong China announced a cumulative increase of 256% over 14 trading days, significantly outperforming the industry and the Shanghai Composite Index, and will be suspended for verification starting next week [6] - Industrial Fulian responded to rumors regarding order or outlook downgrades, stating that it has not released any related statements and that the progress and delivery pace of existing customer projects are normal [6] - Dazhihui announced that the plaintiff Wang Gongwei has withdrawn the lawsuit [7] - Zhongdian Port announced that the National Integrated Circuit Fund has reduced its shareholding in the company, reaching a threshold of 1% [8] - Putailai announced plans to invest 2.5 billion yuan in a film coating integrated project [9] - Changchun High-tech announced that its subsidiary Jin Sai Pharmaceutical has received approval for clinical trials of GS3-007a dry mixed suspension, with no similar products currently on the market [9] - Yiyuan Lithium Energy stated on an interactive platform that orders for energy storage batteries are robust, and it has taken the lead in mass production of 600Ah+ cells [12]

Core Points - The People's Bank of China conducted a reverse repurchase operation on November 14, 2025, with a fixed interest rate and quantity tendering method, amounting to 212.8 billion yuan for a 7-day term [1] Group 1 - The operation involved a total bid amount of 212.8 billion yuan, which was also the amount awarded [1] - The interest rate for the reverse repurchase operation was set at 1.40% [1] - The operation was managed by the Open Market Operations Department of the People's Bank of China [1]

11月13日央行开展1900亿元7天期逆回购操作 来源：中国新闻网 编辑：董文博 广告等商务合作，请点击这里 本文为转载内容，授权事宜请联系原著作权人 中新经纬版权所有，未经书面授权，任何单位及个人不得转载、摘编或以其它方式使用。 关注中新经纬微信公众号(微信搜索"中新经纬"或"jwview")，看更多精彩财经资讯。 中新网11月13日电 据央行网站消息，2025年11月13日中国人民银行以固定利率、数量招标方式开展了 1900亿元7天期逆回购操作。具体情况如下： | | | 逆回购操作情况 | | | --- | --- | --- | --- | | 期限 | 操作利率 | 投标量 | 中标量 | | 7天 | 1.40% | 1900亿元 | 1900亿元 | 图源：央行网站截图 ...

Core Points - The central bank conducted a 190 billion yuan reverse repurchase operation with a 7-day maturity at an interest rate of 1.40%, unchanged from the previous operation [1] - A total of 928 billion yuan in reverse repos is set to mature today [1]

Core Points - The central bank conducted a 7-day reverse repurchase operation amounting to 195.5 billion yuan, maintaining the operation rate at 1.40%, consistent with the previous rate [1] - A total of 65.5 billion yuan in reverse repos is set to mature today [1]

Core Viewpoint - The People's Bank of China conducted a 7-day reverse repurchase operation amounting to 403.8 billion yuan at a fixed interest rate of 1.40% on November 11, 2025 [1] Summary by Category Monetary Policy - The operation was executed using a fixed rate and quantity tendering method [1] - The total amount of the reverse repurchase operation was 403.8 billion yuan, with the same amount being the winning bid [1] Market Impact - The interest rate for the 7-day reverse repurchase operation was set at 1.40% [1]

Group 1 - The central bank conducted a reverse repurchase operation of 403.8 billion yuan with a maturity of 7 days, maintaining the operation interest rate at 1.40% [1]

Core Viewpoint - The People's Bank of China conducted a 7-day reverse repurchase operation amounting to 119.9 billion yuan at a fixed interest rate of 1.40% on November 10, 2025 [1]. Summary by Category Reverse Repo Operation Details - The operation was for a 7-day term with an interest rate of 1.40% [1]. - The total bidding amount was 119.9 billion yuan, which matched the amount awarded [1].

Group 1 - The core viewpoint of the article is that the Federal Reserve's monetary policy easing over the past year aims to support the labor market, with an estimated policy adjustment space of 50 to 75 basis points remaining [2] - The Federal Reserve has cumulatively lowered interest rates by 150 basis points over the past year to ensure the labor market remains close to full employment [2] - The Federal Reserve has maintained a wait-and-see attitude in its monetary policy meetings this year, influenced by the extensive tariff policies of the Trump administration, and has implemented rate cuts again in September and October after a noticeable cooling in the labor market [2] Group 2 - As of November 6, the two-year Chinese government bond yield is at 1.43%, while the ten-year yield is at 1.81%. In the U.S., the two-year yield has decreased by 6 basis points to 3.57%, and the ten-year yield has also decreased by 6 basis points to 4.11% [7] - The top ten gainers and losers in Chinese dollar bonds are listed, indicating significant price fluctuations in various bonds, with some experiencing gains over 42% while others saw declines exceeding 52% [10][11] - As of the end of October, China's foreign exchange reserves increased to $33,433 billion, up by $4.7 billion from the end of September, reflecting a stable economic foundation and favorable long-term trends [12]

Core Points - The People's Bank of China conducted a 7-day reverse repurchase operation amounting to 141.7 billion yuan at a fixed interest rate of 1.40% on November 7, 2025 [1][2] Summary by Category Operation Details - The operation was carried out using a fixed rate and quantity tendering method [1] - The total amount bid and the amount awarded were both 141.7 billion yuan [2] Interest Rate - The interest rate for the 7-day reverse repurchase operation was set at 1.40% [2]