The Central Bank of the Republic of China released a March 2026 statistical update on conditions across money markets, bonds, derivatives, bills, gold, foreign exchange and equities. The release shows sharply higher interbank trading volumes versus a year earlier, slightly lower secured funding rates versus February, and a bond market custody balance of CNY 200.0 trillion at month-end. Interbank lending averaged CNY 450.8 billion a day (up 54.6% year on year) and interbank bond repos averaged CNY 8.2 trillion (up 38.6%), with end-March outstanding balances of CNY 0.8 trillion and CNY 11.2 trillion. The DR001 weighted-average rate was 1.31% and DR007 was 1.44%, while the average spread between DR001 and the central bank’s seven-day reverse repo rate was minus 9 basis points. In the bond market, government bond net financing was CNY 1,165.8 billion and corporate bond net financing CNY 391.0 billion, with spot trading at CNY 43.6 trillion and the 10-year government bond yield at 1.82% at end-March. Foreign institutions held CNY 3.2 trillion of bonds (1.6% of total custody), and CNY 84.2 billion of panda bonds were issued during January to March alongside 10 new foreign entrants to the interbank bond market. The report also records CNY 8.5 trillion of interbank RMB derivatives turnover, CNY 3.5 trillion of commercial bill acceptances and CNY 2.7 trillion of discounts, a Shanghai Gold Exchange Au(T+D) close of CNY 1,015.7 per gram, a USD/CNY close of 6.9081 with the CFETS RMB index at 100.87, and month-end declines of 6.5% and 7.0% in the Shanghai Composite and Shenzhen Component indices.
Central Bank of the Republic of China 2026-04-20
Central Bank of the Republic of China publishes March 2026 market data with DR001 at 1.31% and bond custody at CNY 200 trillion
The Central Bank of the Republic of China published March 2026 statistics showing sharply higher interbank trading volumes year on year, slightly lower secured funding rates versus February, and a bond market custody balance of CNY 200.0 trillion. Interbank lending averaged CNY 450.8 billion a day and bond repos CNY 8.2 trillion, with DR001 and DR007 at 1.31% and 1.44% and the 10-year government bond yield at 1.82%. Foreign institutions held CNY 3.2 trillion of bonds (1.6% of total custody), while the data also highlighted active derivatives and gold markets, a USD/CNY close of 6.9081, and equity index declines of 6.5% and 7.0% in Shanghai and Shenzhen.