Central Bank Conducts 500 Billion-Yuan Reverse Repo; 10-Year U.S. Treasury Yield Surpasses 5%

TechFlow reports, on September 15, according to Jinshi Data, the central bank conducted a 500 billion yuan outright reverse repurchase operation for a term of six months. Data shows that at the end of August, the M2 balance grew by 7.5% year-on-year, while cumulative growth in total social financing reached 23.91 trillion yuan during the first eight months, representing a year-on-year shortfall of 2.64 trillion yuan. Additionally, the yield on 10-year US Treasury bonds exceeded 5%, marking the first time in nearly three years.

On AI governance, Microsoft issued a temporary code of conduct to restrict the use of AI models, while the European Union plans to propose a ban on relevant applications for minors under the age of 15. Donald Trump called the concept of AI taking over the world a "scam," and the Foreign Ministry emphasized that confrontational narratives would disrupt governance progress. On industry and geopolitics, Japan's Kioxia Holdings is considering a US listing to raise $10 billion, while Zelenskyy and Trump have exchanged signals regarding the easing of tensions concerning energy targets in the Russia-Ukraine conflict.