People's Republic of China
Market Watch
| Close of July 23, 2026 |
Change From | |||
|---|---|---|---|---|
| Govt. Bond Yields | Latest Yield | Previous Day | Previous Week | YTD |
| 2 Year | 1.269 | ▲ 1.1 | ▲ 0.3 | ▼ 9.6 |
| 5 Year | 1.421 | ▲ 0.3 | ▼ 0.6 | ▼ 19.2 |
| 10 Year | 1.724 | ▼ 0.1 | ▼ 1.2 | ▼ 11.9 |
|
* Government bond yield changes are expressed in basis points. |
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| Currencies | Latest Rate | Previous Day | Previous Week | YTD |
| CNY per USD | 6.776 | ▼ 0.0 | ▼ 0.0 | ▲ 3.0 |
| CNY per JPY | 0.041 | ▲ 0.4 | ▲ 0.9 | ▲ 7.3 |
|
* Exchange rate changes are expressed as a percentage change. |
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| Interest Rates | Latest Rate | Previous Day | Previous Week | YTD |
| 3M | 1.053 | ▼ 1.2 | ▲ 1.5 | ▼ 22.0 |
|
* Interest rate changes are expressed in basis point change. |
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Policy Rates
| Change From | ||||
|---|---|---|---|---|
| Policy Rates | Latest Rate (7-May-2025) |
Previous Rate (27-Sep-2024) |
YTD Rate |
|
| 7-Day Reverse Repo Rate | 1.400 | ▼ 10.0 | ◆ 0.0 | |
|
* Policy rate changes are expressed in basis point change. |
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Sovereign Ratings
| Agency | Rating | Outlook | Date | |
|---|---|---|---|---|
| Regional Rating Institutions | ||||
| R&I | AA- | stable | 2019-12-25 | |
| RAM | AA3 | stable | 2019-07-18 | |
| Non-Regional Rating Institutions | ||||
| Fitch | A | stable | 2025-04-03 | |
| S&P | A+ | stable | 2019-09-30 | |
NEWS HIGHLIGHTS
- China Curbs Loan Structure Widely Used by Distressed Developers
- China Exports Hit Record $412 Billion as AI Adds to Factory Edge
- China Asks Bankers to Avoid Underwriting Short-Term LGFV Bonds
- China’s Reflation Shows Signs of Peaking as War Shock Fades
- China’s 10-Year Bond Sale Sees Demand Gauge at Record High