BEIJING, Sept. 23 (Xinhua) – The turnover of China's interbank money market grossed 95.1 trillion yuan in August, up 14.9 percent year on year, according to a financial market running report released by the Chinese central bank early this week.
The figure represented a decline of 5.1 percent over July.
In August, pledged bond repurchase (repo) trading contributed 83 trillion yuan of turnover, up 17.6 percent year on year and down 3.6 percent month on month.
Outright repo turnover reached 0.7 trillion yuan in August, down 11.4 percent year on year and 16.9 percent month on month.
Interbank borrowing turnover reached 11.5 trillion yuan in August, down 0.3 percent year on year and 14.2 percent month on month.
Weighted average monthly lending rate on interbank market was 2.04 percent in August, up 15 base points (bp) over July and weighted average monthly pledged bond repo rate rose 15 bps to 2.06 percent. (Edited by Duan Jing with Xinhua Silk Road, duanjing@xinhua.org)
A single purchase
