PBOC released its 1H 2026 financial statistics report. Interbank RMB market
Turnover totaled CNY 1,169.05 trillion in 1H, daily average CNY 9.74 trillion,
up 20% YoY. By instrument, daily average interbank lending rose 36% YoY,
outright bond trading +6.9% YoY, pledged repo +22.5% YoY. June weighted average
interbank lending rate was 1.41% (+10bps MoM, -5bps YoY); pledged repo weighted
average was 1.43% (+10bps MoM, -7bps YoY).