China Treasury & Banking Monitor
Onshore CNY FX, interbank funding context and transparent coverage of China Treasury instruments. Official-source priority; proxies and unavailable series are labelled explicitly.
Coverage & data discipline
This page separates onshore CNY observations from offshore CNH, proxy rates and unavailable instruments. A missing China yield or fixing is shown as NOT_AVAILABLE; no substitute is implied.
China market snapshot · latest stored observation
| Series | Value | Observed | Status | Source / limitation |
|---|---|---|---|---|
| USD/CNY central parity (中间价) FX_USDCNY_CCPR · Official fixing · CFETS | 6.7138 CNY per USD | 2026-10-30 | Primary source | China Foreign Exchange Trade System (chinamoney.com.cn) Official daily fixing (onshore). Not USD/CNH and not a traded spot rate. Redistribution terms unverified (CFETS): viewable, excluded from /export. |
| USD/CNY (onshore) FX_USDCNY · Market FX | 6.6702 CNY per USD | 2026-10-23 | Official, republished | Federal Reserve System |
| Shibor overnight SHIBOR_ON · Funding · CFETS | 1.28% | 2026-10-29 | Primary source | China Foreign Exchange Trade System (chinamoney.com.cn) Redistribution terms unverified (CFETS): viewable, excluded from /export. |
| Shibor 3M SHIBOR_3M · Funding · CFETS | 1.40% | 2026-10-29 | Primary source | China Foreign Exchange Trade System (chinamoney.com.cn) Redistribution terms unverified (CFETS): viewable, excluded from /export. |
| China govt 10Y (CFETS curve) CGB_CFETS_10Y · Treasury curve · CFETS | 1.62% | 2026-10-29 | Primary source | China Foreign Exchange Trade System (chinamoney.com.cn) CFETS's own government-bond curve (not the ChinaBond/CCDC curve). CFETS serves only ~3 months of history, so earlier history is unavailable and the series accrues forward from 2026-07. Redistribution terms unverified: viewable, excluded from /export. |
| CNY 3M interbank (OECD proxy) CNY_INTERBANK_3M · Funding proxy | 1.49% | 2026-08-01 | Proxy | OECD (compilation) OECD-compiled monthly series via FRED: a monthly figure published with a ~3-4 month lag (not a native daily fixing). Provided for historical/trend reference; freshness uses a lag-aware (monthly lagged) threshold. |
| CNY overnight interbank CNY_INTERBANK_ON · Requested instrument | — | — | Not available | OECD China immediate/overnight interbank series (IRSTCI01CNM156N) stopped updating mid-2025 (~15-month lag) — stale/discontinued, not reliable. Daily first-party alternative: SHIBOR_ON (CFETS). Not substituted. |
| China government 10Y (CGB) GOVT_CGB_10Y · Treasury curve | — | — | Not available | The ChinaBond (CCDC) government yield curve is licensed. Not substituted; CFETS's own curve is stored separately as CGB_CFETS_10Y (a different curve). |
| USD/CNH (offshore) FX_USDCNH · Offshore FX | — | — | Not available | Offshore CNH has no free official daily fixing distinct from onshore CNY. Onshore USDCNY (FX_USDCNY) is a different instrument and is NOT substituted. |
USD/CNY central parity (中间价) · reproducible history
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USD/CNY (onshore) · reproducible history
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Shibor overnight · reproducible history
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Shibor 3M · reproducible history
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China govt 10Y (CFETS curve) · reproducible history
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CNY 3M interbank (OECD proxy) · reproducible history
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Unavailable / restricted coverage
| Requested instrument | Reason |
|---|---|
| CNY overnight interbank CNY_INTERBANK_ON | OECD China immediate/overnight interbank series (IRSTCI01CNM156N) stopped updating mid-2025 (~15-month lag) — stale/discontinued, not reliable. Daily first-party alternative: SHIBOR_ON (CFETS). Not substituted. |
| China government 10Y (CGB) GOVT_CGB_10Y | The ChinaBond (CCDC) government yield curve is licensed. Not substituted; CFETS's own curve is stored separately as CGB_CFETS_10Y (a different curve). |
| USD/CNH (offshore) FX_USDCNH | Offshore CNH has no free official daily fixing distinct from onshore CNY. Onshore USDCNY (FX_USDCNY) is a different instrument and is NOT substituted. |
Machine-readable coverage: latest JSON ↗ · canonical dictionary ↗