China interbank lending volume and rates
China interbank lending trading volume and weighted average rates from the People's Bank of China.
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| Indicator | 08-2026 | 07-2026 | 06-2026 | 05-2026 | 04-2026 | 03-2026 | 02-2026 | 01-2026 | 12-2025 | 11-2025 | 10-2025 | 09-2025 | 08-2025 | 07-2025 | 06-2025 | 05-2025 | 04-2025 | 03-2025 | 02-2025 | 01-2025 | 12-2024 | 11-2024 | 10-2024 | 09-2024 | 08-2024 | 07-2024 | 06-2024 | 05-2024 | 04-2024 | 03-2024 | 02-2024 | 01-2024 | 12-2023 | 11-2023 | 10-2023 | 09-2023 | 08-2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Trading volume12 | ||||||||||||||||||||||||||||||||||||||
| Total | 66,373 | 74,357 | 69,137 | 79,284 | 96,912 | 99,170 | 68,691 | 98,751 | 97,860 | 74,403 | 67,879 | 92,621 | 88,001 | 98,260 | 84,277 | 66,891 | 69,545 | 61,244 | 43,598 | 50,877 | 82,626 | 90,019 | 83,760 | 76,041 | 90,841 | 95,277 | 75,772 | 80,890 | 92,944 | 91,120 | 63,440 | 108,521 | 118,391 | 108,791 | 85,517 | 100,421 | 130,513 | |
| Overnight (1-day) | 52,918 | 59,174 | 55,133 | 65,181 | 83,268 | 87,072 | 56,502 | 87,740 | 82,182 | 61,853 | 55,698 | 78,660 | 74,879 | 82,969 | 70,088 | 52,715 | 55,153 | 49,171 | 31,606 | 40,032 | 68,662 | 76,975 | 71,226 | 60,443 | 76,819 | 81,197 | 63,536 | 67,130 | 77,147 | 78,892 | 50,990 | 94,845 | 102,640 | 96,291 | 74,323 | 88,969 | 117,508 | |
| 7-day | 11,922 | 13,712 | 12,152 | 12,577 | 12,060 | 10,394 | 10,391 | 9,253 | 13,658 | 10,995 | 10,736 | 10,878 | 11,537 | 13,477 | 11,872 | 12,036 | 12,294 | 9,901 | 10,189 | 8,419 | 12,013 | 10,878 | 10,927 | 13,004 | 12,285 | 12,169 | 10,313 | 11,969 | 13,773 | 10,500 | 9,819 | 12,003 | 13,486 | 10,918 | 9,573 | 9,000 | 11,240 | |
| 14-day | 309 | 373 | 525 | 493 | 664 | 340 | 581 | 529 | 481 | 295 | 306 | 1,511 | 407 | 395 | 452 | 403 | 788 | 619 | 454 | 812 | 470 | 379 | 317 | 937 | 342 | 380 | 438 | 453 | 898 | 439 | 1,315 | 419 | 746 | 373 | 502 | 1,072 | 698 | |
| 21-day | 73 | 91 | 89 | 94 | 73 | 70 | 182 | 114 | 131 | 82 | 55 | 137 | 94 | 73 | 161 | 131 | 112 | 49 | 167 | 190 | 41 | 256 | 190 | 225 | 84 | 57 | 137 | 85 | 70 | 54 | 188 | 81 | 94 | 80 | 41 | 142 | 60 | |
| 1-month | 153 | 183 | 142 | 125 | 149 | 170 | 144 | 175 | 208 | 123 | 200 | 381 | 262 | 530 | 326 | 447 | 282 | 408 | 277 | 367 | 371 | 471 | 423 | 436 | 476 | 595 | 478 | 378 | 269 | 242 | 324 | 265 | 453 | 317 | 375 | 325 | 298 | |
| 2-month | 131 | 115 | 178 | 76 | 100 | 159 | 102 | 200 | 186 | 223 | 116 | 262 | 140 | 166 | 491 | 469 | 290 | 178 | 181 | 369 | 175 | 206 | 141 | 239 | 147 | 199 | 181 | 160 | 145 | 158 | 178 | 198 | 121 | 110 | 95 | 155 | 83 | |
| 3-month | 806 | 668 | 874 | 671 | 544 | 876 | 678 | 643 | 775 | 702 | 662 | 670 | 526 | 452 | 799 | 537 | 514 | 781 | 551 | 527 | 711 | 744 | 456 | 662 | 540 | 589 | 619 | 625 | 537 | 684 | 475 | 578 | 690 | 626 | 546 | 710 | 546 | |
| 4-month | 5 | 3 | 14 | 3 | 6 | 14 | 62 | 16 | 143 | 13 | 3 | 22 | 3 | 27 | 4 | 5 | 15 | 21 | 74 | 30 | 42 | 12 | 6 | 11 | 10 | 11 | 6 | 2 | 11 | 36 | 77 | 14 | 10 | 12 | 5 | 11 | 9 | |
| 6-month | 13 | 9 | 13 | 26 | 13 | 12 | 11 | 42 | 70 | 46 | 48 | 47 | 22 | 37 | 21 | 40 | 19 | 44 | 42 | 79 | 32 | 58 | 25 | 46 | 23 | 41 | 18 | 33 | 41 | 54 | 18 | 30 | 91 | 23 | 26 | 17 | 31 | |
| 9-month | 15 | 6 | 1 | 4 | 13 | 18 | 11 | 15 | 1 | 26 | 2 | 10 | 30 | 46 | 24 | 12 | 21 | 27 | 20 | 11 | 6 | 16 | 26 | 16 | 20 | 6 | 6 | 7 | 26 | 7 | 15 | 30 | 3 | 1 | 3 | 1 | 14 | |
| 1-year | 28 | 23 | 17 | 34 | 23 | 44 | 27 | 24 | 25 | 44 | 52 | 42 | 102 | 88 | 40 | 97 | 57 | 45 | 37 | 42 | 102 | 23 | 23 | 24 | 95 | 32 | 42 | 51 | 27 | 56 | 41 | 57 | 57 | 41 | 29 | 18 | 26 | |
| Weighted average interest rate12 | ||||||||||||||||||||||||||||||||||||||
| All tenors | 1.38 | 1.4 | 1.41 | 1.31 | 1.29 | 1.38 | 1.4 | 1.4 | 1.36 | 1.42 | 1.39 | 1.45 | 1.4 | 1.45 | 1.46 | 1.55 | 1.73 | 1.85 | 1.95 | 1.86 | 1.57 | 1.55 | 1.59 | 1.78 | 1.77 | 1.81 | 1.87 | 1.85 | 1.87 | 1.88 | 1.85 | 1.83 | 1.78 | 1.89 | 1.92 | 1.87 | 1.71 | |
| Overnight (1-day) | 1.4 | 1.41 | 1.41 | 1.31 | 1.28 | 1.36 | 1.38 | 1.38 | 1.33 | 1.41 | 1.38 | 1.43 | 1.39 | 1.43 | 1.42 | 1.54 | 1.72 | 1.82 | 1.94 | 1.79 | 1.52 | 1.51 | 1.55 | 1.74 | 1.75 | 1.79 | 1.84 | 1.82 | 1.82 | 1.83 | 1.78 | 1.78 | 1.71 | 1.84 | 1.87 | 1.8 | 1.67 | |
| 7-day | 1.3 | 1.36 | 1.4 | 1.29 | 1.32 | 1.47 | 1.5 | 1.52 | 1.5 | 1.45 | 1.45 | 1.53 | 1.45 | 1.52 | 1.6 | 1.59 | 1.74 | 1.93 | 1.98 | 2.12 | 1.79 | 1.78 | 1.82 | 1.88 | 1.86 | 1.91 | 2.02 | 1.96 | 2.06 | 2.13 | 2.11 | 2.13 | 2.12 | 2.27 | 2.24 | 2.28 | 2.04 | |
| 14-day | 1.41 | 1.43 | 1.48 | 1.34 | 1.39 | 1.54 | 1.56 | 1.6 | 1.6 | 1.53 | 1.48 | 1.66 | 1.49 | 1.55 | 1.66 | 1.7 | 1.75 | 2 | 2.04 | 2.31 | 1.93 | 1.87 | 1.93 | 1.98 | 1.9 | 1.93 | 2.02 | 1.96 | 2.07 | 2.27 | 2.13 | 2.18 | 2.45 | 2.37 | 2.33 | 2.67 | 1.98 | |
| 21-day | 1.46 | 1.46 | 1.46 | 1.46 | 1.45 | 1.57 | 1.54 | 1.57 | 1.64 | 1.54 | 1.53 | 1.6 | 1.54 | 1.63 | 1.68 | 1.72 | 1.85 | 2.04 | 2.11 | 2.3 | 1.86 | 1.89 | 1.95 | 2.03 | 1.84 | 1.92 | 1.97 | 2 | 2.04 | 2.17 | 2.29 | 2.43 | 2.89 | 2.45 | 2.37 | 2.61 | 1.98 | |
| 1-month | 1.49 | 1.47 | 1.46 | 1.5 | 1.59 | 1.68 | 1.65 | 1.63 | 1.64 | 1.56 | 1.59 | 1.59 | 1.58 | 1.6 | 1.72 | 1.73 | 1.95 | 2.12 | 1.98 | 1.96 | 1.96 | 1.95 | 2 | 2.01 | 1.95 | 2.01 | 2.08 | 2.09 | 2.21 | 2.37 | 2.42 | 2.66 | 2.94 | 2.69 | 2.58 | 2.48 | 2.16 | |
| 2-month | 1.5 | 1.49 | 1.54 | 1.52 | 1.55 | 1.67 | 1.64 | 1.68 | 1.64 | 1.59 | 1.59 | 1.63 | 1.58 | 1.58 | 1.69 | 1.62 | 1.85 | 2.09 | 1.99 | 2.04 | 1.92 | 2 | 2.04 | 2 | 1.94 | 2.05 | 2.1 | 2.15 | 2.34 | 2.47 | 2.43 | 2.52 | 2.91 | 2.74 | 2.55 | 2.64 | 2.32 | |
| 3-month | 1.49 | 1.54 | 1.51 | 1.51 | 1.64 | 1.7 | 1.71 | 1.75 | 1.69 | 1.66 | 1.69 | 1.68 | 1.66 | 1.78 | 1.79 | 1.83 | 2.02 | 2.14 | 1.99 | 1.94 | 2 | 2.04 | 2.1 | 2.06 | 2.04 | 2.21 | 2.23 | 2.32 | 2.49 | 2.53 | 2.69 | 2.79 | 3.02 | 2.88 | 2.73 | 2.64 | 2.63 | |
| 4-month | 1.49 | 1.45 | 1.64 | 1.44 | 2.03 | 1.8 | 1.82 | 2.06 | 1.74 | 1.68 | 1.7 | 1.76 | 1.63 | 1.71 | 1.83 | 1.98 | 2.39 | 2.28 | 2.1 | 2.3 | 2.31 | 2.12 | 2.16 | 2.31 | 2.12 | 2.26 | 2.22 | 2.12 | 2.69 | 2.3 | 2.61 | 2.75 | 2.94 | 2.95 | 2.6 | 2.85 | 2.63 | |
| 6-month | 1.55 | 1.54 | 1.55 | 1.56 | 1.61 | 1.72 | 1.77 | 1.7 | 1.66 | 1.77 | 1.72 | 1.74 | 1.77 | 1.72 | 1.79 | 1.87 | 1.97 | 2.15 | 2.05 | 1.92 | 2.2 | 2.28 | 2.16 | 2.01 | 2.04 | 2.11 | 2.33 | 2.38 | 2.19 | 2.4 | 2.42 | 2.67 | 2.76 | 3.04 | 2.8 | 2.58 | 2.69 | |
| 9-month | 1.62 | 1.54 | 1.73 | 1.62 | 1.63 | 1.76 | 1.84 | 1.79 | 1.85 | 1.76 | 1.99 | 1.75 | 1.74 | 1.66 | 1.79 | 1.84 | 2.02 | 2.14 | 2.04 | 2.1 | 2.29 | 2.25 | 2.01 | 2.18 | 2.13 | 2.25 | 2.37 | 2.51 | 2.31 | 2.46 | 2.59 | 2.77 | 3.34 | 3.05 | 2.89 | 2.64 | 2.86 | |
| 1-year | 1.71 | 1.54 | 1.69 | 1.64 | 1.67 | 1.81 | 1.84 | 1.83 | 2.01 | 1.9 | 1.79 | 1.91 | 1.77 | 1.73 | 1.88 | 1.81 | 2 | 2.22 | 2.14 | 1.97 | 2.08 | 2.3 | 2.21 | 2.32 | 2.13 | 2.39 | 2.41 | 2.42 | 2.83 | 2.68 | 2.81 | 3 | 3.23 | 3.14 | 3.01 | 2.77 | 2.71 |
Latest reading
The series on this page is monthly and runs from Jan 2015 to Aug 2026. Source: People's Bank of China — Statistics Department, Statistical Data.
About this data
China interbank lending trading volume and weighted average rates from the People's Bank of China. Compiled from China Foreign Exchange Trade System (CFETS) data, the table provides monthly trading volume in 100 million yuan and interest rates across tenors ranging from overnight to 1 year. Published monthly by the PBOC, all series track unsecured interbank borrowing activity in China since 2015.
Frequently asked questions
- What is the latest figure for China interbank lending volume and rates?
- Overnight (1-day) stood at 1.4% in Aug 2026. That is unchanged from Jul 2026 and unchanged from a year earlier.
- How far back does the China interbank lending volume and rates data go?
- The series on this page is monthly and runs from Jan 2015 to Aug 2026. Source: People's Bank of China — Statistics Department, Statistical Data. Every series in the table can be charted over its full history and downloaded as CSV or Excel.
- What is China's interbank lending market?
- The national interbank lending market in China is an unsecured wholesale money market where eligible banks and financial institutions borrow and lend yuan funds directly to each other to manage short-term liquidity needs.
- Which tenors are tracked in China interbank lending statistics?
- The dataset covers trading volumes and weighted average rates across eleven distinct maturities: overnight (1-day), 7-day, 14-day, 21-day, 1-month, 2-month, 3-month, 4-month, 6-month, 9-month, and 1-year tenors, along with an all-tenor average.
- How does interbank lending differ from pledged repo in China?
- In China, interbank lending consists of unsecured loans between financial institutions based purely on credit standing. In contrast, pledged repo transactions require the borrower to pledge collateral, typically bonds, to secure the cash financing.
- What is the historical coverage and frequency of China interbank lending data?
- China interbank lending volume and interest rate statistics are released on a monthly frequency by the People's Bank of China. Continuous monthly data are compiled from China Foreign Exchange Trade System records dating back to 2015.