The Central Bank of the Republic of China published its August 2026 financial market update, showing weaker money market activity alongside growth in bond, derivatives and gold trading. Average daily interbank lending fell 24.6% from a year earlier to CNY 316.06 billion, while average daily interbank bond repo transactions declined 14.8% to CNY 6.5 trillion. Key secured overnight rates eased, with DR001 averaging 1.38% and DR007 averaging 1.40%. Bond market turnover rose 4.8% year over year to CNY 39.2 trillion, while government bond net financing fell to CNY 1.01 trillion and corporate bond net financing increased to CNY 271.25 billion. The 10-year government bond yield ended August at 1.69%. Renminbi derivatives turnover increased 17% to CNY 6.9 trillion, government bond futures trading rose 12% to CNY 11.9 trillion and gold trading surged by more than 66% across the Shanghai Gold Exchange and Shanghai Futures Exchange. The renminbi appreciated 0.41% against the U.S. dollar during the month to close at 6.7198.
2026-09-21Central Bank of the Republic of China
Central Bank of the Republic of China reports lower money market turnover and higher bond, derivatives and gold trading in August
The Central Bank of the Republic of China reported lower interbank lending and bond repo activity in August 2026, while bond, derivatives and gold trading increased. The 10-year government bond yield ended at 1.69%, and the renminbi appreciated 0.41% against the U.S. dollar to 6.7198.