China has released its Financial Market Report for the month of February 2026. This report provides a detailed insight into the banking and economy of China. You can download this report PDF and read important points.
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Highlights of Report
In February 2026, interbank lending saw an average daily turnover of RMB 429.32 billion, up by 87.1 percent year on year, while the average daily turnover of bond repos in the interbank market was RMB 7.4 trillion, up by 52.9 percent year on year. At the end of February 2026, the outstanding balance of interbank loans not yet due stood at RMB 1.0 trillion, while that of interbank bond repos not yet due registered RMB 11.6 trillion.
In February 2026, net financing via government-issued bonds stood at RMB 1401.38 billion, falling by RMB 292.53 billion year on year; and a net amount of RMB 152.18 billion was raised via bond issuances by enterprises, a decrease of RMB 18.02 billion year on year. At the end of February 2026, outstanding bonds in custody stood at RMB 198.9 trillion.
In February 2026, RMB derivatives trading in the interbank market saw a total turnover of RMB 3.8 trillion, down by 11.7 percent year on year. At the end of February 2026, the 1-year FR007 swap rate closed at an average of 1.49 percent, down by 2 bps month on month.
In February 2026, commercial drafts that were accepted totaled RMB 3.1 trillion and those discounted amounted to RMB 2.4 trillion. At the end of February 2026, the outstanding balances of commercial drafts accepted and those discounted stood at RMB 20.8 trillion and RMB 15.7 trillion, respectively, up by 6.1 percent and 8.5 percent year on year, respectively.
