1. The People's Bank of China (PBOC): Will provide RMB liquidity to eligible overseas central bank institutions through repurchase agreements.
2. PBOC Governor Pan Gongsheng: Will promote investment in the stock and bond markets by medium- and long-term funds; improve the short-term interest rate control mechanism.
3. PBOC Governor Pan Gongsheng: Will launch a pilot program for offshore RMB foreign exchange trading in the Shanghai Free Trade Zone; will study the establishment of a macro-prudential tool to support non-bank liquidity under specific scenarios.
4. CSRC Chairman Wu Qing: Supports the recent launch of 5-year RMB treasury bond futures trading in Hong Kong.
5. Zhu Hexin: By the end of 2025, the stock of foreign assets held by Chinese business entities will exceed US$8 trillion, and the market value of domestic stocks and bonds held by foreign investors will exceed US$1 trillion.
6. Warsh may refuse to provide expectations for the Fed's dot plot, breaking a 14-year precedent.
7. US Treasury option traders have differing views on the Fed's interest rate path, focusing on the tone of Warsh's press conference.
8. The People's Bank of China: Will issue the sixth tranche of central bank bills in 2026, with an issuance volume of RMB 40 billion. 9. Beijing: Supports eligible entities in issuing science and technology innovation bonds to further broaden direct financing channels for enterprises.
10. JPMorgan Chase: AI-related bond issuance is expected to remain strong in the coming years.
11. STMicroelectronics plans to issue $1.5 billion in convertible bonds.
12. Deepening the two-way opening of the bond market, the scope of insurance funds' participation in the "Southbound Connect" of Bond Connect has been clarified.
