Macro market:
[central bank] on January 17, the central bank maintained the reasonable and abundant liquidity of the banking system, and carried out RMB 700 billion medium-term lending facility (MLF) operation and RMB 100 billion open market reverse repurchase operation on that day. The bid winning interest rate of medium-term lending facility (MLF) operation and open market reverse repurchase operation decreased by 10 basis points.
[fiscal] on January 17, treasury bond futures rose, fell back and closed up slightly. As of the closing, the main contract of 10-year bonds rose 0.05%, the main contract of 5-year bonds rose 0.14%, and the main contract of 2-year bonds rose 0.07%. A total of 118 bonds were traded in the night trading of inter-bank cash bonds, and the yields of main interest rate bonds were differentiated. The yield of 10-year Guokai active bond 21 Guokai 15 rose 0.06bp to 3.081%, and the yield of 5-year Guokai active bond 21 Guokai 08 fell 1.25bp to 2.7525%; The yield of 10-year Treasury active bond 21 interest bearing treasury bond 17 rose 0.64bp to 2.7915%, and the yield of 5-year Treasury active bond 21 interest bearing treasury bond 11 fell 2.11bp to 2.5425%.
[finance] on January 17, most money market interest rates fell and inter-bank liquidity supply improved. The one-day interbank borrowing between banks and depositors was reported at 2.1258%, down 9.42 basis points; The 7-day report was 2.2255%, up 2.1 basis points; The 14 day report was 2.20%, down 3.76 basis points; The one-month report was 2.5697%, up 0.61 basis points. Inter bank pledged repo 1-day varieties reported 2.0863%, down 11.5 basis points; The 7-day report was 2.1660%, down 4.08 basis points; The 14 day report was 2.3286%, up 10.48 basis points; The one-month report was 2.52%, down 5 basis points.
[enterprise] on January 17, the credit bond and interest rate bond markets strengthened simultaneously, the yield of credit bonds of various maturities decreased collectively, the one-year credit spread widened by more than 6 basis points, and the transaction volume exceeded 120 billion yuan throughout the day. A total of 1258 inter-bank and exchange credit bonds (corporate bonds, corporate bonds, medium notes, short-term financing and directional instruments) were traded, with a total turnover of 124.431 billion yuan. Among them, 681 credit bonds rose, 94 credit bonds were flat, and 390 credit bonds fell.
[enterprise] China's GDP in 2021 was 1.4367 billion yuan, an increase of 8.1% over the previous year and an average increase of 5.1% in the two years at constant prices.
[enterprise] China's investment in fixed assets (excluding farmers) in 2021 increased by 4.9% over the previous year; It is 8.0% higher than that from January to December 2019, with an average growth of 3.9% in the two years. Among them, private fixed asset investment increased by 7.0% over the previous year.
[residents] on January 17, the number of commercial housing transactions in 30 large and medium-sized cities and first tier cities was - 56% and the area of commercial housing transactions was - 55% compared with the previous day; The number of commercial housing transactions in second tier cities was - 43% compared with the previous day, and the transaction area of commercial housing was - 43% compared with the previous day; The number of commercial housing transactions in third tier cities was - 22% compared with the previous day, and the transaction area of commercial housing was - 33% compared with the previous day. Recent focus: the sustainability of loose monetary policy in the first quarter
