Report Overview - The report is a macro financial data daily report released by the Guomao Futures Research Institute's Macro Financial Research Center on July 24, 2025 [2][3] Market Data Summary Interest Rates - DR001 closed at 1.37 with a 5.64bp increase; DR007 closed at 1.48 with a 0.84bp increase [3] - GC001 closed at 1.58 with a 2.50bp decrease; GC007 closed at 1.56 with a 5.00bp increase [3] - SHBOR 3M closed at 1.55 with a 0.20bp increase; LPR 5 - year remained at 3.50 with no change [3] - 1 - year, 5 - year, and 10 - year Chinese treasury bonds had increases of 1.50bp, 2.00bp, and 1.05bp respectively; 10 - year US treasury bonds decreased by 3.00bp [3] Stock Index Futures - The closing prices of CSI 300, SSE 50, CSI 500, and CSI 1000 were 4120, 2801, 6197, and 6607 respectively, with changes of 0.02%, 0.32%, - 0.27%, and - 0.45% [5] - The trading volumes of IF, IH, IC, and IM increased by 11.7%, 11.8%, 13.7%, and 10.1% respectively; the positions of IF, IC, and IM increased by 0.6%, 1.3%, and 3.0% respectively, while IH's position decreased by 1.0% [5] Index Futures Premium/Discount - IF's premium/discount rates for different contracts were 1.30%, 0.00%, 0.01%, and 2.58% [7] - IH's were - 0.23%, - 0.36%, - 0.31%, and - 0.24% [7] - IC's were 8.03%, 7.80%, 7.93%, and 7.63% [7] - IM's were 9.32%, 10.21%, 10.69%, and 10.29% [7] Market News and Analysis Monetary Policy and Market Liquidity - The central bank conducted 214.8 billion yuan of 7 - day reverse repurchase operations, with 342.5 billion yuan of reverse repurchases and 120 billion yuan of treasury cash fixed - deposits maturing [3] - This week, 1.7268 trillion yuan of reverse repurchases will mature, and 200 billion yuan of MLF will mature on July 25 [4] Industry News - The Ministry of Industry and Information Technology plans to introduce growth - stabilizing plans for ten key industries [6] - The Yarlung Zangbo River hydropower project started on July 19, with an estimated total investment of 1.2 trillion yuan [6] Market Outlook - With the end of the tax - payment period, bank - to - bank market funds are abundant [4] - A - share market has been speculating on "anti - involution" policies and the Yarlung Zangbo River project's beneficiary sectors [6] - Current domestic and foreign factors are generally favorable, and A - share liquidity and market sentiment are strong, with stock indices expected to be bullish [6]