Group 1 - The People's Bank of China conducted a 7-day reverse repurchase operation of 311.4 billion yuan at an interest rate of 1.40%, maintaining the previous rate, resulting in a net injection of 205.9 billion yuan after 105.5 billion yuan of reverse repos matured on the same day [1] - The Shanghai Interbank Offered Rate (Shibor) for short-term maturities rose across the board, with the overnight Shibor increasing by 9.20 basis points to 1.3620%, the 7-day Shibor up by 2.60 basis points to 1.5310%, and the 14-day Shibor rising by 2.00 basis points to 1.6040% [1][2] - In the interbank pledged repo market, all varieties saw an increase, with the overnight weighted average rates for DR001 and R001 rising by 9.2 basis points and 9.0 basis points, respectively, to 1.3653% and 1.4598%, while transaction volumes decreased significantly [4] Group 2 - The money market rates on February 10 showed a tightening trend in the morning, transitioning to a balanced state in the afternoon, with overnight deposit rates fluctuating between 1.60% and 1.62% [8] - The secondary market for negotiable certificates of deposit was active, with short-term yields rising significantly due to the tightening of the interbank funding market, while long-end yields remained stable [9] - The People's Bank of China emphasized the importance of credit reporting in the construction of the social credit system, aiming to enhance financial services for the real economy and mitigate financial risks [11][13]

Group 1 - The People's Bank of China conducted a 1,130 billion yuan reverse repurchase operation with a 7-day term at an interest rate of 1.40%, maintaining the previous rate, resulting in a net injection of 380 billion yuan after 750 billion yuan of reverse repos matured on the same day [1] - The overnight Shanghai Interbank Offered Rate (Shibor) slightly decreased by 0.70 basis points to 1.2700%, while the 7-day and 14-day Shibor rates increased by over 7 basis points, reaching 1.5050% and 1.5840% respectively [1][2] - In the interbank pledged repo market, most rates increased, with DR014 rising nearly 10 basis points and R014 surpassing 1.61%. The weighted average rates for DR001 and R001 decreased by 0.1 basis points and increased by 1.0 basis points, respectively [4] Group 2 - The money market rates on February 9 showed a balanced funding environment in the morning, but tightened in the afternoon, with overnight pledged rates trading around 1.50% and rising to 1.60% by the end of the day [8] - The secondary market for negotiable certificates of deposit (NCDs) remained relatively quiet, with long-end yields continuing a slight downward trend and short-end yields increasing slightly after midday [9] - The Ministry of Finance announced tax incentives for cross-border e-commerce export return goods, exempting import duties and VAT for goods returned within six months due to unsold or returned reasons [11]

上海银行间同业拆放利率（Shibor）整体下行，14天品种回落至1.5%。具体来看，隔夜Shibor下跌4.20BP，报1.2770%；7天Shibor下跌2.90BP，报 1.4350%；14天Shibor下跌11.00BP，报1.5040%。 | | | | 2026-02-06 11:00 | | --- | --- | --- | --- | | | 期限 | Shibor(%) | 涨跌(BP) | | 1 | O/N | 1.2770 | 4.20 | | 金 | 1W | 1.4350 | 2.90 | | ☆ | 2W | 1.5040 | 11.00 | | ↑ | 1M | 1.5500 | 0.05 | | | 3M | 1.5800 | 0.05 | | 1 | 6M | 1.5970 | 0.30 | | 1 | 9M | 1.6058 | 0.21 | | 金 | 1Y | 1.6169 | 0.20 | 上海银行间同业拆放利率（2月6日） 银行间质押式回购市场方面，短期资金利率小幅下行。具体看，DR001、R001加权平均利率分别下行4.4BP、3.2BP，报1.275%、1.3 ...

新华财经北京2月5日电人民银行5日开展1185亿元7天期逆回购和3000亿元14天期逆回购操作；鉴于当日有3540亿元7天期逆回购到期，公开市场实 现净投放645亿元。 上海银行间同业拆放利率（Shibor）整体窄幅震荡，14天品种涨至1.6%上方。具体来看，隔夜Shibor上涨0.10BP，报1.3190%；7天Shibor下跌 0.90BP，报1.4640%；14天Shibor上涨3.10BP，报1.6140%。 | | | | 2026-02-05 11:00 | | --- | --- | --- | --- | | | 期限 | Shibor(%) | 涨跌(BP) | | 1 | O/N | 1.3190 | 0.10 | | ↑ | 1W | 1.4640 | 0.90 | | t | 2W | 1.6140 | 3.10 | | ゆ | 1M | 1.5505 | 0.05 | | t | 3M | 1.5805 | 0.41 | | fr | 6M | 1.6000 | 0.00 | | 价 | 9M | 1.6079 | 0.11 | | 中 | 1Y | 1.6189 | 0.01 | ...

新华财经北京2月4日电人民银行4日开展750亿元7天期逆回购操作，操作利率1.40%，与前次持平；鉴于当日有3775亿元7天期逆回购到期，公开市 场实现净回笼3025亿元。 据上海国际货币经纪公司交易员消息，4日资金面延续均衡偏松态势。隔夜开盘利率存单成交在1.50%-1.53%附近，押信用成交在1.54%-1.55%区 间；7D期限在1.52%-1.53%位置需求较好，押信用成交在1.54%附近；跨春节14D-21D押利率成交在1.58%附近需求较好，押信用成交在 1.61%-1.63%区间，1M押利率成交在1.62%附近。公开市场操作后，资金成交利率波动不大。临近中午，资金成交利率逐渐下行，隔夜押利率成交 在1.47%-1.48%，押存单商金集中成交在1.50%附近，7D期限成交较少。午后开盘资金面延续偏宽松态势。靠近2点附近，隔夜押利率成交在1.48% 附近，押信用成交在1.53%附近。临近收盘，隔夜资金押利率最低成交至1.38%，押存单最低成交至1.46%，资金面保持宽松状态至收盘。 同业存单方面，二级存单市场交投活跃，价格中枢基本稳定。短端收益率日内小幅抬头，截止尾盘又恢复到开盘水平。长端价格在区间 ...

上海银行间同业拆放利率（Shibor）隔夜品种小幅上行，7天和14天品种下挫近10BP。具体来看，隔夜Shibor上涨3.70BP，报1.3650%；7天Shibor 下跌9.50BP，报1.4850%；14天Shibor下跌8.90BP，报1.5090%。 | | | | 2026-02-02 11:00 | | --- | --- | --- | --- | | | 期限 | Shibor(%) | 涨跌(BP) | | t | O/N | 1.3650 | 3.70 | | 价 | 1W | 1.4850 | 9.50 | | 中 | 2W | 1.5090 | 8.90 | | t | 1M | 1.5500 | 0.10 | | tr | 3M | 1.5889 | 0.01 | | 价 | em | 1.6069 | 0.21 | | tr | 9M | 1.6137 | 0.33 | | 1 | 1Y | 1.6248 | 0.32 | 上海银行间同业拆放利率（2月2日） 新华财经北京2月2日电人民银行2日开展750亿元7天期逆回购操作，操作利率1.40%，与前次持平；鉴于当日有1505亿元7天 ...

Group 1 - The People's Bank of China conducted a 7-day reverse repurchase operation of 402 billion yuan, resulting in a net injection of 78 billion yuan after 324 billion yuan of reverse repos matured on the same day [1] - The overnight Shanghai Interbank Offered Rate (Shibor) decreased by 4.90 basis points to 1.3710%, while the 7-day Shibor increased by 2.10 basis points to 1.5640% [1][2] - The weighted average rates for overnight and 7-day repurchase agreements (R007) rose slightly, while the rates for DR001 and R001 fell, indicating a mixed trend in the interbank pledged repo market [5] Group 2 - The interbank funding market showed a balanced state, with overnight rates fluctuating between 1.55% and 1.58% in early trading, and later stabilizing around 1.50% to 1.53% [9] - Trading sentiment for interbank certificates of deposit remained positive, with yields for various maturities continuing to rise, particularly for 1-month and 3-month maturities [10] - The People's Bank of China reported that the balance of RMB loans from financial institutions reached 271.91 trillion yuan by the end of Q4 2025, reflecting a year-on-year growth of 6.4% [12]

Group 1 - The People's Bank of China conducted a 7-day reverse repurchase operation of 324 billion yuan at an interest rate of 1.40%, maintaining the previous rate, resulting in a net withdrawal of 34.6 billion yuan due to 358.6 billion yuan of reverse repos maturing on the same day [1] - The Shanghai Interbank Offered Rate (Shibor) for short-term instruments saw a slight increase, with overnight Shibor rising by 5.60 basis points to 1.3740%, 7-day Shibor increasing by 1.60 basis points to 1.4830%, and 14-day Shibor up by 8.10 basis points to 1.5820% [1][2] Group 2 - In the interbank pledged repo market, both volume and price for short-term instruments increased, with R001 transaction volume exceeding 7.8 trillion yuan. The weighted average rates for DR001 and R001 rose by 5.3 basis points and 4.6 basis points, respectively, to 1.3712% and 1.4212%, with transaction volumes increasing by 33.3 billion yuan and 20.9 billion yuan [5] - The overall funding situation in the market remained balanced, with overnight rates for pledged deposits trading in the range of 1.48%-1.50% and 7-day funding rates around 1.50% [9] Group 3 - The secondary market for negotiable certificates of deposit (NCDs) was active, with short-term yields fluctuating slightly and medium to long-term yields declining marginally. The 1-month NCD yield closed at approximately 1.55%, unchanged from the previous day, while the 3-month and 6-month yields were also stable [10]

Group 1 - The People's Bank of China conducted a 7-day reverse repurchase operation of 861 billion yuan at an interest rate of 1.40%, maintaining the previous rate, resulting in a net injection of 361 billion yuan after 500 billion yuan of reverse repos matured on the same day [1] - The Shanghai Interbank Offered Rate (Shibor) for short-term instruments saw a slight increase, with the overnight Shibor rising by 4.40 basis points to 1.3160%, the 7-day Shibor increasing by 1.20 basis points to 1.4730%, and the 14-day Shibor up by 0.20 basis points to 1.4890% [1][2][3] Group 2 - In the interbank pledged repo market, various rates increased slightly, with DR001 and R001 weighted average rates rising by 5.4 basis points and 4.1 basis points, respectively, to 1.327% and 1.3895%, while transaction volumes for DR001 increased by 775 billion yuan and decreased by 208 billion yuan for R001 [7][8] - The weighted average rates for DR007 and R007 rose by 1.8 basis points and 0.9 basis points, respectively, to 1.4902% and 1.5249%, with transaction volumes increasing by 246 billion yuan and 1111 billion yuan [7][8] Group 3 - The overall funding situation on January 12 was balanced, with overnight rates for pledged loans trading around 1.45% and deposit certificates around 1.48-1.50%, indicating a slightly tight funding environment [11] - In the secondary market for negotiable certificates of deposit, trading sentiment was relatively subdued, with yields for various maturities showing narrow fluctuations, such as the 1-month yield closing at approximately 1.54% and the 3-month yield at 1.605%, reflecting minor changes from the previous week [12]

Group 1: Monetary Policy and Market Operations - The People's Bank of China conducted a 99 billion yuan reverse repurchase operation with a rate of 1.40%, maintaining the previous level, resulting in a net injection of 99 billion yuan into the market as there were no reverse repos maturing on that day [1] - The Shanghai Interbank Offered Rate (Shibor) for short-term instruments saw a slight increase, with overnight Shibor rising by 0.40 basis points to 1.2700%, 7-day Shibor up by 1.20 basis points to 1.4620%, and 14-day Shibor increasing by 2.90 basis points to 1.4820% [1] Group 2: Interbank Repo Market - In the interbank pledged repo market, short-term funding rates continued to fluctuate within a narrow range, with overnight rates increasing in both volume and price. The weighted average rates for DR001 and R001 rose by 0.2 basis points and 0.6 basis points, respectively, to 1.2695% and 1.3424%, with transaction volumes increasing by 3,121 billion yuan and 1,455 billion yuan [4] - The weighted average rates for DR007 and R007 showed mixed movements, with DR007 rising by 1.2 basis points to 1.474% while R007 fell by 0.6 basis points to 1.5261%, with transaction volumes decreasing by 176 billion yuan and 648 billion yuan, respectively [4] Group 3: Market Sentiment and Trading Activity - Overall, the funding environment on January 8 was balanced, with major banks lending out funds and non-bank overnight transactions occurring at rates around 1.45%. The market maintained stability post-open market operations, with overnight rates fluctuating between 1.30% and 1.42% [9] - In the secondary market for negotiable certificates of deposit, trading sentiment was generally moderate, with 1-month, 3-month, and 6-month maturities experiencing active trading. The 1-month national bank rate closed at approximately 1.54%, unchanged from the previous day, while the 3-month rate decreased by about 1 basis point to 1.60% [10]