Group 1: Central Bank Operations - The People's Bank of China conducted a 7-day reverse repurchase operation of 355.1 billion yuan today, resulting in a net injection of 187.1 billion yuan after 168 billion yuan of reverse repos matured [1] - This week, the central bank executed a total of 2,068 billion yuan in reverse repos and 900 billion yuan in one-year Medium-term Lending Facility (MLF) operations, achieving a net injection of 1,400.8 billion yuan overall due to the maturity of 867.2 billion yuan in reverse repos and 700 billion yuan in one-year MLF [1] - The bidding amount for the reverse repo was 355.1 billion yuan, with the same amount being awarded, and the operation interest rate remained unchanged at 1.40% [1] Group 2: Foreign Exchange Market - As of October 31, 2025, the central parity rate of the RMB against the USD was reported at 7.0880, reflecting a depreciation of 16 points [2] - The EUR/RMB exchange rate was 8.2138, down by 196 points, while the HKD/RMB rate increased by 3.2 points to 0.91227 [2] - Other notable exchange rates included GBP/RMB at 9.3414 (down 233 points), AUD/RMB at 4.6561 (down 98 points), and JPY/RMB at 4.6103 (down 389 points) [2]

Group 1 - The People's Bank of China conducted a 7-day reverse repurchase operation of 405.8 billion yuan at an interest rate of 1.40%, maintaining the previous rate [1] - A total of 3 trillion yuan in 1-year Medium-term Lending Facility (MLF) and 580.3 billion yuan in 7-day reverse repos matured on the same day, resulting in a net withdrawal of 474.5 billion yuan from the open market [1] - The Shanghai Interbank Offered Rate (Shibor) for short-term instruments showed a slight decline, with overnight Shibor down by 3.90 basis points to 1.3170% [1][2] Group 2 - In the interbank pledged repo market, all varieties saw a decline, with the weighted average rates for DR001 and R001 down by 3.5 basis points and 3.1 basis points, respectively [4] - The trading volume in the repo market remained relatively stable, with DR001 and R001 transaction volumes increasing by 49.8 billion yuan and decreasing by 0.8 billion yuan, respectively [4] - The overall funding environment on August 26 was characterized by a loose stance, with overnight rates stabilizing around 1.32% to 1.35% [9] Group 3 - As of 5:30 PM on August 26, there were 89 interbank certificates of deposit issued, with a total issuance amount of 210.32 billion yuan [10] - The primary market for certificates of deposit saw active trading, with short-term rates slightly declining while long-term rates remained stable [10] - The yield curve showed minor fluctuations, with the 3-month and 6-month yields decreasing by approximately 0.5 basis points compared to the previous close [10]

Group 1 - The People's Bank of China conducted a reverse repurchase operation of 197.3 billion yuan with a 7-day maturity, resulting in a net withdrawal of 183.3 billion yuan on the same day [1][4] - On the same day, 198.6 billion yuan of 7-day reverse repos and 182.0 billion yuan of 1-year Medium-term Lending Facility (MLF) were due [1][4] - The interest rate for the 7-day reverse repurchase operation was set at 1.4% [4]