1. The People's Bank of China (PBOC) will conduct 900 billion yuan of outright reverse repurchase operations on the 15th. 2. The PBOC lowered the interest rates of various structural monetary policy tools by 0.25 percentage points. 3. The PBOC stat

2026-01-15

1. The People's Bank of China (PBOC) will conduct 900 billion yuan of outright reverse repurchase operations on the 15th. 2. The PBOC lowered the interest rates of various structural monetary policy tools by 0.25 percentage points. 3. The PBOC stated that it will comprehensively consider flexibly conducting treasury bond buying and selling operations in the next step. 4. The PBOC announced that in 2025, its open market operations will have a cumulative net injection of 6 trillion yuan, including a net purchase of 120 billion yuan in treasury bonds. 5. The PBOC stated that financing methods other than loans, such as bonds, account for over 50% of the increase in total social financing, demonstrating the significant effectiveness of financial supply-side structural reforms. 6. Federal Reserve's Kashkari stated that Trump's threats are actually a monetary policy issue, and there is no need for a rate cut in January. 7. Federal Reserve's Paulson stated that further rate cuts would be appropriate if inflation eases. 8. Vanke proposed extending the grace period for its 22 Vanke MTN004 bond to 90 trading days. 9. CaiXun Technology plans to issue convertible bonds to raise no more than 1.46 billion yuan for projects such as the construction of a smart computing center. 10. Increased risk aversion pushed down US Treasury yields, with the 30-year Treasury yield hitting a new low for the year.