The PBOC released September 2026 market data. Interbank lending averaged 292.5
bln yuan/day, down 30.5% YoY; interbank bond repo averaged 6.5 tln yuan/day,
down 10.6% YoY. At end-September outstanding interbank lending was 0.8 tln yuan
and outstanding interbank bond repo was 11.0 tln yuan. Shanghai Composite closed
3,842.2 (-3.6% MoM); Shenzhen Composite Index closed 12,887.6 (-8.0% MoM). Daily
average turnover across Shanghai and Shenzhen was 1.82 tln yuan, down 18.9% MoM.
