Group 1 - Zhengzhou Development Investment Group has changed its name to Zhengzhou Industrial Investment Group, with a registered capital increase from 1 billion to 30 billion yuan, funded by the Zhengzhou Finance Bureau [1] - The capital increase will be fully paid by December 25, 2030, and will not affect the controlling shareholder or actual controller of the company [1] Group 2 - The bond market in 2025 faced challenges and opportunities, moving away from a "lying win" phase to a period of high volatility [2] - Key trends included the establishment of a debt management office, the introduction of innovative bond products, and the acceleration of debt resolution for real estate companies [2] Group 3 - On December 29, national bond futures closed lower across the board, with the 30-year main contract down 0.91% to 111.82 yuan [4] - Major interest rates for bonds in the interbank market rose, with the 30-year national bond yield increasing by 3.65 basis points to 2.255% [4] Group 4 - The central bank conducted a 4,823 billion yuan 7-day reverse repurchase operation, resulting in a net injection of 4,150 billion yuan [5] - Short-term Shibor rates mostly rose, with the overnight rate down 1.0 basis point to 1.248%, the lowest since August 2023 [5] Group 5 - Luoyang Urban Construction Investment Group plans to issue up to 1.2 billion yuan in corporate bonds [5] - Xinxiang State-owned Capital Operation Group's bond issuance project received feedback from the Shanghai Stock Exchange, with a planned issuance of 2 billion yuan [7] Group 6 - China’s bond market outlook for 2026 is mixed, with expectations of continued volatility and potential investment opportunities in high-grade credit bonds and convertible bonds [10][11] - Analysts suggest that if inflation does not rise as expected, there may be a need for looser monetary policy, which could lead to a correction in pessimistic expectations for the bond market [13]