Press "Enter" to skip to content


China’s interbank rates spike amid market concerns about policy tightening

Last updated on January 27, 2021

China's financial markets were roiled Tuesday as interbank interest rates spike after the central bank withdrew cash from the banking system and an adviser to the People’s Bank of China warned about asset bubbles.

The volume-weighted average rate of China’s benchmark overnight repurchase agreements, or repo, in the interbank market hit the highest in more than 14 months on Tuesday, driven by tighter cash conditions.

The volume-weighted average of the . . .

To continue reading, please subscribe. You will get


    • THE  WIRE  - An Unrivalled Real-Time Platform providing up-to-the-minute updates of market-moving news and views utilising a network of journalists, traders, brokers, analysts, etc. We walk you through every trading day in China to make you stay in the know. Here are some screenshots of our wire updates.
    • ORIGINAL, IN-DEPTH & DATA-DRIVEN reporting on major events about China's economy, policy and financial markets.
    • DETAILS - Get access to important details that you won't find elsewhere.
    • WEEKLY NEWSLETTER - Receive a summary of the week's top news—distilled into one email.

FREE TRIAL cancel anytime


Already have an account? Sign In