Total interbank RMB market turnover via call loans, outright bond trades and
pledged repos in July was 192.86 trillion yuan, averaging 8.39 trillion yuan
yuan/day, down 13.3% YoY. By instrument, daily averages: interbank call lending
-24.3% YoY, outright bond trading -6.1% YoY, pledged repos -14.5% YoY. July
weighted-average interbank lending rate 1.40% (down 1 bp MoM, 5 bps YoY);
pledged repo weighted-average rate 1.42% (down 1 bp MoM, 4 bps YoY).