25 Feb China to widen access to US$232 trillion repo market in transformative, signalling impact on interest rates, analysts say
Posted at 22:30h
in Asia
Turnover in China’s interbank repo market, dominated by pledged repos, has soared over the past decade. These contracts surged 21 per cent to 1,668 trillion yuan (US$231.8 trillion) in 2023, according to central bank data. Overnight repo made up 88 per cent of the volume...