PBOC: Interbank RMB Trading Falls 12.5% in August 2026
China's interbank RMB market recorded combined turnover of RMB 177.41 trillion in August 2026 across lending, outright bond trading and repo, averaging RMB 8.45 trillion a day, down 12.5% year on year, the People's Bank of China said. Average daily interbank lending fell 24.6%, outright bond trading rose 2.3% and pledged repo fell 15.1%. The weighted average interbank lending rate was 1.38% and the pledged repo rate 1.4%.
The interbank RMB market recorded combined turnover of RMB 177.41 trillion in August 2026 through lending, outright bond trading and repo, according to data published by the People's Bank of China. Average daily turnover was RMB 8.45 trillion, down 12.5% from a year earlier.
By instrument, average daily interbank lending fell 24.6% year on year in August, average daily outright bond trading rose 2.3%, and average daily pledged repo fell 15.1%.
On rates, the weighted average interbank lending rate stood at 1.38% in August, 0.02 percentage points lower than the previous month and 0.02 percentage points lower than the same period in 2025. The weighted average pledged repo rate was 1.4% in August, 0.02 percentage points lower than the previous month and 0.01 percentage points lower than the same period in 2025.
Why this event matters
The event has a measured impact on 4 industrys. The strongest current signal is neutral for Securities Firms, with intensity 25/100 and 55% confidence over a short term horizon.
Securities Firms
- Direction
- neutral
- Intensity
- 25
- Confidence
- 55%
- Horizon
- Short term
State-owned Banks
- Direction
- neutral
- Intensity
- 20
- Confidence
- 60%
- Horizon
- Short term
Commercial Banks
- Direction
- neutral
- Intensity
- 20
- Confidence
- 60%
- Horizon
- Short term
Regional Banks
- Direction
- neutral
- Intensity
- 20
- Confidence
- 60%
- Horizon
- Short term
Impact figures are analytical estimates that combine direction, intensity, confidence and event importance. They are not investment advice.