FINANCE

China Launches Interbank Data Hub to Assess Systemic Risks

Published: Jun. 18, 2026 4:50 p.m. GMT+8

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Pan Gongsheng. Photo: IC Photo

China has launched a centralized data repository for its interbank market, enhancing the central bank’s ability to conduct “look-through” monitoring of financial activities and assess systemic risks.

People’s Bank of China Governor Pan Gongsheng announced the platform Wednesday at the Lujiazui Forum in Shanghai, following its debut a day earlier.

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China launched a centralized interbank market data repository for central bank look-through monitoring.
Pan Gongsheng announced the platform at Lujiazui Forum; it pools records from bonds, currencies, derivatives, gold, and commercial paper.
The system aligns with post-2008 global OTC derivatives standards, operated by a state-backed entity.

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Interbank Market Data Repository (Shanghai) Co. Ltd.: Interbank Market Data Repository (Shanghai) Co. Ltd. operates China's centralized interbank data hub, launched in December 2024 and backed by state-owned financial infrastructure operators. The platform pools trading, custody, and settlement records across bond, currency, derivative, gold, and commercial paper markets to enhance the PBOC's systemic risk monitoring.

AI generated, for reference only