Early Sept. 7, DR007 was flat at 1.3726%. The PBOC conducted a CNY 500mln 7-day reverse repo, fully meeting primary dealers' demand, and executed CNY 500bln outright reverse repos. DR007 is treated as China’s short-end rate anchor; the spread versus the PBOC 7-day reverse repo signals funding conditions—a material DR007 premium implies tightness, parity or a discount implies ample liquidity.

2026-09-07

Early Sept. 7, DR007 was flat at 1.3726%. The PBOC conducted a CNY 500mln 7-day reverse repo, fully meeting primary dealers' demand, and executed CNY 500bln outright reverse repos. DR007 is treated as China’s short-end rate anchor; the spread versus the PBOC 7-day reverse repo signals funding conditions—a material DR007 premium implies tightness, parity or a discount implies ample liquidity.