1. The central bank's "balance sheet reduction" does not hinder the moderate easing of monetary policy. 2. Hong Kong Monetary Authority: The Ministry of Finance will issue 12.50 billion RMB government bonds in Hong Kong. 3. The cost of capital continues to decline, and the financing demand for securities companies to issue bonds continues to cool. 4. The proportion of bonds issued by private real estate enterprises increased in January, and the financing support policy continued to be implemente...