Greater China Banks Daily: Overnight repo rate reportedly unchanged at 1.25%; Annualized yield of WMP rose to 2.05% in H126

研报英文原文证据摘录

Greater China Banks Daily: Overnight repo rate reportedly unchanged at 1.25%; Annualized yield of WMP rose to 2.05% in H126

Global Research

30 July 2026ab

Greater China Banks Daily Equities

ChinaOvernight repo rate reportedly unchanged at

1.25%; Annualized yield of WMP rose to 2.05% Banks

in H126 MayAnalystYan

may.yan@ubs.com

+852-2971 7157

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Overnight repo rate reportedly unchanged at 1.25% +86-755-2215 8860

Reuters, July 29: China’s central bank injected Rmb806.5bn through reverse repos on

Helen Li, CFA

Wednesday, including Rmb206.5bn in seven-day funds at 1.40% and Rmb600bn via the

overnight tenor. The PBOC did not disclose the overnight borrowing cost in its helen-za.li@ubs.com

statement, though reportedly people familiar with the matter said it was set at 1.25%, +852-2971 6066

unchanged from the previous operation in late June. The move is part of a previously

announced plan to use overnight reverse repos from July 29 to 31 and on August 3 to

add a total Rmb2.1trn of liquidity to the banking system.

Annualized yield of WMP rose to 2.05% in H126

Sina, July 29: China’s WMP balance reached Rmb33.66trn by end-June 2026, up 1.11%

from the start of the year and 9.75% YoY.