1月15日下午，国新办举行新闻发布会，介绍货币金融政策支持实体经济高质量发展成效。 中国人民银行新闻发言人、副行长邹澜在会上表示，根据当前经济金融形势需要，人民银行将先行推出两方 面政策措施。一方面是下调各类结构性货币政策工具利率，提高银行重点领域信贷投放的积极性。另一方面 是完善结构性工具并加大支持力度，进一步助力经济结构转型优化。具体包括以下几项： 邹澜 图源：国新网 八是鼓励金融机构提升汇率避险服务水平。丰富汇率避险产品，为企业提供成本合理、灵活有效的汇率风险 管理工具。 邹澜表示，以上相关措施的政策文件将于近日发布。按照国务院常务会议部署，在实施过程中，将与财政贴 息、担保和风险成本分担等财政政策协同配合，进一步放大政策效能，共同促进扩大有效内需。我们还将继 续加大流动性投放力度，灵活搭配公开市场操作各项工具，保持流动性充裕，引导隔夜利率在政策利率水平 附近运行。 邹澜在会上表示，关于降准降息，从今年看还有一定的空间。从法定存款准备金率看，目前金融机构的法定 存款准备金率平均为6.3%，降准仍然有空间。从政策利率来看，外部约束方面，目前人民币汇率比较稳定， 美元处于降息通道，总体来看汇率不构成很强的约 ...

Core Viewpoint - The resumption of government bond trading operations by the central bank is seen as a significant positive catalyst for the bond market, indicating improved market conditions and a supportive monetary policy environment [1][2]. Group 1: Market Performance - As of October 29, 2025, the 30-year government bond ETF from Bosera (511130) rose by 0.01%, marking a three-day consecutive increase, with the latest price at 107.56 yuan [1]. - Over the past week, the 30-year government bond ETF has accumulated a rise of 0.56% [1]. - The trading volume for the 30-year government bond ETF was 15.18 billion yuan, with a turnover rate of 8.49% [1]. Group 2: Central Bank Actions - On October 27, 2025, the central bank governor announced at the Financial Street Forum that the overall bond market is performing well and that the central bank will resume open market operations for government bonds [1]. - The resumption is driven by improved bond market conditions and the need for policy coordination, signaling a supportive monetary policy stance [1]. - This operation aims to enhance the monetary environment for fiscal efforts and improve the market's pricing benchmark for government bonds [1]. Group 3: Fund Flows and Size - The latest size of the 30-year government bond ETF from Bosera is 17.8 billion yuan [3]. - There was a net outflow of 165 million yuan from the 30-year government bond ETF, but over the past five trading days, there were net inflows on four days, totaling 449 million yuan [3]. - The ETF closely tracks the Shanghai Stock Exchange's 30-year government bond index, which reflects the overall performance of the corresponding maturity government bonds [3].