Greater China Banks Daily: Major banks’ net interbank lending reduced by over Rmb 2.6trn MTD; Outstanding balance of relending facility to private enterprises exceeding Rmb 600bn

Research evidence excerpt

Greater China Banks Daily: Major banks’ net interbank lending reduced by over Rmb 2.6trn MTD; Outstanding balance of relending facility to private enterprises exceeding Rmb 600bn

Global Research

16 June 2026ab

Greater China Banks Daily Equities

ChinaMajor banks’ net interbank lending reduced by

over Rmb 2.6trn MTD; Outstanding balance of Banks

relending facility to private enterprises exceeding MayAnalystYan

Rmb 600bn may.yan@ubs.com+852-2971 7157

Alex Ye

Analyst

S1460522090005

alex.ye@ubs.com

Major banks’ net interbank lending reduced by over Rmb 2.6trn MTD +86 755 2215 8858

Cailian, Jun 15: In June, the net interbank lending volume of major Chinese banks has

Catherine Yang, CFA

dropped to historical low. Compared to the beginning of the month, the scale of net

interbank lending has plummeted by over Rmb 2.6trn, now standing at Rmb 1.16trn. S1460526010003

The DR001 rate climbed to 1.45%, 5bps higher than the policy benchmark. The catherine-za.yang@ubs.com

reduction is likely attributed to commercial banks trying to reserve liquidity for the end- +86-755-2215 8860

of-quarter regulatory assessments.

Helen Li, CFA

O/S balance of relending facility to private enterprises exceeding Rmb 600bn helen-za.li@ubs.com

Eastmoney, Jun 15: Following the launch of the new RMB 1trn relending program by +852-2971 6066

PBOC, the outstanding balance of relending to private enterprises has exceeded Rmb

600bn by late April. Initiated in January 2026, this facility provides financial institutions

with a low-cost source of funding with an interest rate of only 1.25%, aiming to

encourage the lending to private small and micro enterprises.

PBOC carrys out Rmb 600bn outright reverse repo

Yicai, Jun 15: The central bank rolled over the maturing 6-month reverse repo of Rmb

600bn on June 15th.