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Monthly Interbank Turnover Continues to Rise
Turnover on China's interbank money market amounted to 199.46 billion yuan in July, an increase of 18.3 percent on June's figure.
The total included 71.36 billion yuan for interbank lending, up 18 percent from June, 117.64 billion yuan in bond repurchase agreements, up 22 percent, and 10.45 billion yuan in spot bonds, down 13.6 percent.
The weighted average interbank lending rate and bond buyback rate was 2.363 percent and 2.365 percent in July, respectively, a slight decline from the previous month.
Interbank lending was based on seven-day and 60-day loans, accounting for 86.8 percent of the transactions.
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