PBOC reported July 2026 financial-market data. Daily average interbank borrowing
turnover was 323.29 bln yuan, down 24.3% YoY; interbank bond repo daily average
turnover was 6.5 tln yuan, down 14.2% YoY. End-July outstanding balances:
interbank borrowing 1.0 tln yuan; interbank bond repo 9.8 tln yuan. DR001
(overnight pledged repo among deposit-taking institutions) monthly weighted
average rate 1.39%, +1 bp MoM; DR007 1.43%, -2 bps MoM; R001 (interbank
overnight repo) 1.42%, broadly unchanged MoM. Daily average spreads: DR001 vs
PBOC 7-day reverse repo -1 bp; R001 vs DR001 +3 bps.