Interest rates dropped slightly at China's interbank money market in November, but overall transactions kept growing to top 50.466 billion yuan (6 billion US dollars) per day.

Latest statistics from the Shanghai-based National Interbank Borrowing and Lending Center show that total transactions during the 22 trading days in November reached 1.1 trillion yuan (133 billion US dollars), averaging 50.466 billion yuan per day.

It said the weighted average interest rates were 2.221 percent for credit lending, 2.112 percent for pledge repurchase and 2.215 percent for outright bond repurchase, all slightly down from the previous month.

The weighted average interest rates for the three products were 2.235 percent, 2.163 percent and 2.254 percent respectively in October.

In November, 82 financial institutions concluded deals worth 235 billion yuan on the China Bill Net, which had 1,025 members by the end of November.

The statistics say that total transactions on the interbank money market from January to November have added up to 12.1 trillion yuan, including 1.33 trillion yuan in credit lending, 8.5 trillion yuan in bond pledge repurchase, 92.566 billion yuan in outright bond repurchase and 2.2 trillion yuan in ready bond transaction.