China Jan-June money mkt turnover up 12 pct on yr to RMB112.1 trln, PBOC
BEIJING, July 21 (Xinhua) – Turnover of China's money market totaled 112.1 trillion yuan in the half of this year, up 12 percent year on year, according to a monthly financial market report released by the People's Bank of China (PBOC), the central bank, on Monday.
Of the total, turnover of interbank borrowing stood at 17.8 trillion yuan in the first half, down 13.6 percent year on year; turnover of pledged repos totaled 89.8 trillion yuan, up 16.7 percent year on year; and turnover of buyout repos amounted to 4.6trillion yuan, surging 75 percent year on year.
In June alone, turnover of the money market reached 23.4 trillion yuan, rocketing 69.5 percent year on year, and up 3.8 percent month on month.
In a breakdown, turnover of interbank borrowing came to 3.6 trillion yuan during the month, jumping 132.1 percent year on year, but down 8.1 percent month on month; turnover of pledged repos totaled 18.7 trillion yuan, up 56.9 percent year on year, and up 5.6 percent month on month; and turnover of buyout repos amounted to one trillion yuan, surging 241.8 percent year on year, and up 20.2 percent month on month.
In June, the weighted average interbank offered rate reached 2.85 percent, up 29 basis points from April; and the weighted average interest rate of pledged repos came to 2.89 percent, up 32 basis points from April. (Edited by Hou Yujie, firstname.lastname@example.org)