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Monthly Interbank Trading Active in China
China's interbank money market turnover totaled 255.4 billion yuan in September, an increase of 18.6 percent over the previous month, according to the Shanghai-based China Interbank Trade System.
This included 65.52 billion yuan in credit, up 64.4 percent over August, 183.98 billion yuan in bond repurchase agreements, a rise of 14.4 percent, and 5.89 billion yuan in spot bonds, an increase of 11.7 percent.
Interbank trading was most active on 7-day items, accounting for 72 percent of all transactions.
The average interbank lending rate and repurchasing rate were 2.3504 percent and 2.308 percent respectively in September, both down one percent from August.
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