0:00 / 0:24 今天，中国人民银行计划通过香港金融管理局债务工具中央结算系统（CMU）债券投标平台，招标发行 2026年第一期和第二期中央银行票据，发行量分别为人民币300亿元和人民币200亿元。此次央行票据发行旨在 丰富香港高信用等级人民币金融产品，完善香港人民币收益率曲线。 （总台央视记者 孙艳） 为保持银行体系流动性充裕，今天，中国人民银行以固定数量、利率招标、多重价位中标方式开展6000亿 元中期借贷便利（MLF）操作，期限为1年期。由于本月有3000亿元MLF到期，这意味着当月MLF净投放量达 3000亿元，为连续第12个月加量续作。 0:00 / 0:34 专业人士分析：中期流动性保持净投放，显示货币政策延续支持性立场，有助于支持银行加大信贷投放力 度，支持政府债券发行，稳定市场预期。 央行今天将在香港发行500亿元央行票据 ...

中国人民银行将在香港发行500亿元人民币央票 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。 中新社北京2月13日电 (陶思阅)据中国人民银行13日消息，为丰富香港高信用等级人民币金融产品，完 善香港人民币收益率曲线，2026年2月25日(周三)，中国人民银行将通过香港金融管理局债务工具中央 结算系统(CMU)债券投标平台，招标发行2026年第一期和第二期中央银行票据(下称"央票")。 第一期央票期限3个月(91天)，发行量为人民币300亿元。第二期央票期限1年，发行量为人民币200亿 元。以上两期央票面值均为人民币100元，采用荷兰式招标方式发行，招标标的为利率。 招联首席研究员董希淼表示，发行央票相当于从离岸市场收回人民币流动性，这会直接提高投机者借入 人民币做空汇率的成本。同时，央票为境外人民币资金提供除贷款、股票之外的投资渠道，增强境外主 体持有人民币的意愿。此次央票发行，有助于打破可能出现的人民币汇 ...

Market Overview - The A-share market experienced a downward trend with the three major indices declining, particularly the ChiNext index which fell by 0.96% to 3295.99 points. The Shanghai Composite Index closed at 4105.04 points, down 0.70%, and the Shenzhen Component Index at 14187.44 points, down 0.67% [1] - The total trading volume in the Shanghai and Shenzhen markets reached 1.33 trillion yuan, an increase of 30.7 billion yuan compared to the previous trading day [1] Sector Performance - The shipbuilding, aerospace, high-bandwidth memory, digital watermarking, space station concepts, and intellectual property sectors showed strong performance, while the CPO concept, small metals, photovoltaic equipment, shipping ports, mining, and glass fiber sectors lagged behind [1] - The military industry sector led the gains, with stocks like Yaxing Anchor Chain hitting the daily limit. The semiconductor sector was also active, with significant increases in photolithography machines and materials [2] Individual Stock Movement - Over 2600 stocks in the market experienced declines, indicating a broad-based sell-off [3] Institutional Insights - According to Zhongyin Securities, the real estate market is expected to improve by 2026, with recommendations to focus on companies with stable fundamentals and high market share in key cities, as well as those making significant breakthroughs in sales and land acquisition [4] - Galaxy Securities highlighted the increasing demand for specialty fiberglass cloth driven by AI computing power, predicting a continued high demand due to technological advancements in electronic information technology [4] Economic Indicators - The National Bureau of Statistics reported that the decline in residential sales prices across 70 major cities narrowed in January 2026, indicating a potential stabilization in the real estate market [5] Central Bank Actions - The People's Bank of China plans to issue 50 billion yuan in central bank bills on February 25, 2026, to enhance the RMB financial product offerings in Hong Kong and improve the yield curve [6] Regulatory Changes - Recent reforms in refinancing regulations by the three major exchanges are expected to benefit leading brokerage firms, with many planning to leverage these changes to enhance their investment banking services [7] - Smaller brokerages are looking to differentiate themselves by focusing on the North Exchange's refinancing market as a key development area [8]

人民银行指出，以上两期中央银行票据面值均为人民币100元，采用荷兰式招标方式发行，招标标的为 利率。 北京商报讯（记者 廖蒙）2月13日，据中国人民银行官网，为丰富香港高信用等级人民币金融产品，完 善香港人民币收益率曲线，根据中国人民银行与香港金融管理局签署的《关于使用债务工具中央结算系 统发行中国人民银行票据的合作备忘录》，2026年2月25日（周三）中国人民银行将通过香港金融管理 局债务工具中央结算系统（CMU）债券投标平台，招标发行2026年第一期和第二期中央银行票据。 其中，第一期中央银行票据期限3个月（91天），为固定利率附息债券，到期还本付息，发行量为人民 币300亿元，起息日为2026年2月27日，到期日为2026年5月29日，到期日遇节假日顺延。第二期中央银 行票据期限1年，为固定利率附息债券，每半年付息一次，发行量为人民币200亿元，起息日为2026年2 月27日，到期日为2027年2月27日，到期日遇节假日顺延。 ...

第一期中央银行票据期限3个月（91天），为固定利率附息债券，到期还本付息，发行量为人民币300亿 元，起息日为2026年2月27日，到期日为2026年5月29日，到期日遇节假日顺延。 第二期中央银行票据期限1年，为固定利率附息债券，每半年付息一次，发行量为人民币200亿元，起息 日为2026年2月27日，到期日为2027年2月27日，到期日遇节假日顺延。 新华财经北京2月13日电为丰富香港高信用等级人民币金融产品，完善香港人民币收益率曲线，根据中 国人民银行与香港金融管理局签署的《关于使用债务工具中央结算系统发行中国人民银行票据的合作备 忘录》，2026年2月25日（周三）中国人民银行将通过香港金融管理局债务工具中央结算系统（CMU） 债券投标平台，招标发行2026年第一期和第二期中央银行票据。 以上两期中央银行票据面值均为人民币100元，采用荷兰式招标方式发行，招标标的为利率。 （文章来源：新华财经） ...

智通财经AP获悉，央行发布公告，将于2026年2月25日(周三)通过香港金融管理局债务工具中央结算系统(CMU)债券投标平台，招标发行2026年第一期和第 二期中央银行票据。两期中央银行票据面值均为人民币100元，采用荷兰式招标方式发行，招标标的为利率。 第一期中央银行票据期限3个月(91天)，为固定利率附息债券，到期还本付息，发行量为人民币300亿元，起息日为2026年2月27日，到期日为2026年5月29 日，到期日遇节假日顺延。 第二期中央银行票据期限1年，为固定利率附息债券，每半年付息一次，发行量为人民币200亿元，起息日为2026年2月27日，到期日为2027年2月27日，到期 日遇节假日顺延。 本文编选自"央行"官网，智通财经编辑：蒋远华。 ...

央行公告，2026年2月25日（周三）中国人民 银行将通过香港金融管理局债务工具中央结算系统 （CMU）债券投标平台，招标发行2026年第一期和第二期中央银行票据。第一期中央银行票据期限3个 月（91天），为固定利率附息债券，到期还本付息，发行量为人民币300亿元，起息日为2026年2月27 日，到期日为2026年5月29日，到期日遇节假日顺延。第二期中央银行票据期限1年，为固定利率附息债 券，每半年付息一次，发行量为人民币200亿元，起息日为2026年2月27日，到期日为2027年2月27日， 到期日遇节假日顺延。以上两期中央银行票据面值均为人民币100元，采用荷兰式招标方式发行，招标 标的为利率。 ...

Group 1 - The People's Bank of China announced the issuance of the 10th Central Bank Bill through the Hong Kong Monetary Authority's debt instrument central settlement system to enhance the RMB yield curve in Hong Kong [1] - The issuance date is set for December 22, 2025, with a maturity period of 6 months (182 days) [5] - The total issuance amount is RMB 40 billion, with a face value of RMB 100 per bill, and it will be issued via a Dutch auction method [5] Group 2 - The interest payment will be made at maturity, which is scheduled for June 24, 2026, with the maturity date adjusted for public holidays [5]

Core Viewpoint - The People's Bank of China (PBOC) is enhancing the availability of high-credit-rated RMB financial products in Hong Kong by issuing central bank bills through the Central Moneymarkets Unit (CMU) [1] Group 1: Issuance Details - On December 22, the PBOC will issue the 10th batch of central bank bills with a total issuance amount of RMB 40 billion [1] - The bills will have a maturity of 6 months (182 days), with an interest payment structure and a face value of RMB 100 [1] - The issuance will utilize a Dutch auction method, with the interest rate as the bidding subject [1] Group 2: Timeline and Terms - The effective date for the bills is December 24, 2025, and they will mature on June 24, 2026, with the maturity date adjusted for public holidays [1] - This initiative aims to improve the RMB yield curve in Hong Kong [1]

Group 1: Market Performance - The Bank ETF Tianhong (515290) recorded a transaction volume of 38.9839 million yuan, with the tracked CSI Bank Index (399986) rising by 1.73% [1] - Notable individual stock performances include Suzhou Bank (002966) up by 2.97%, Shanghai Bank (601229) up by 2.96%, and Chongqing Rural Commercial Bank (601077) up by 2.72% [1] - Over the past six months, the Bank ETF Tianhong (515290) has seen a significant growth of 1.099 billion yuan in scale and an increase of 85.8 million shares [1] Group 2: ETF Highlights - The Bank ETF Tianhong (515290) closely tracks the CSI Bank Index, encompassing 42 listed banks in A-shares, serving as an efficient investment tool for the banking sector [3] - The CSI A500 ETF Tianhong (159360) tracks the CSI A500 Index, which includes high-quality large and mid-cap blue-chip companies, focusing on emerging manufacturing and consumption upgrade sectors [3] - The CSI A500 Index is recognized as a "barometer of China's new productive forces," covering approximately 90 third-level industries and emphasizing a balance between industry and market capitalization [3] Group 3: Recent Events - The People's Bank of China plans to issue 40 billion yuan in central bank bills in Hong Kong to stabilize the offshore RMB market, with the auction scheduled for December 22, 2025 [4] - Nanjing Bank announced plans to fully redeem 49 million shares of its preferred stock on December 23, 2025, ensuring fair information disclosure for investors [4] Group 4: Institutional Insights - China International Capital Corporation (CICC) forecasts that banks have entered a phase of high-quality development, with some listed banks experiencing double-digit profit growth year-on-year [5] - The focus for banks is on dividend yield and certainty, which depend on valuation and profit growth, with a continued positive outlook on absolute and relative returns for bank stocks [5] - Everbright Securities anticipates a favorable cross-year market for A-shares, supported by ongoing domestic economic policies and the release of policy dividends to boost market confidence [5]