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China Ramps Up Yuan Support With Record Hong Kong Bill Issuance
China expanded its support for the beleaguered yuan with a plan to issue a record amount of bills in the Hong Kong market to mop up excess liquidity.
PBOC to issue 60b yuan central bank bills in Hong Kong
The People's Bank of China will issue central bank bills worth 60 billion yuan ($8.18 billion) in Hong Kong on Jan 15, which experts said sends a policy signal of strengthening offshore renminbi liquidity management and stabilizing the yuan exchange rate.
China to Issue Central Bank Bills in Hong Kong Amid Weakening Yuan
The People’s Bank of China will issue central bank bills in Hong Kong next week, a tool that is typically used to stabilize the yuan’s exchange rate in the offshore market.
9h
Live news: PBoC to launch largest offshore renminbi auction on record
The issuance is set to be the biggest issuance of its kind on record since the PBoC started bill auctions in the city in 2018. The onshore renminbi fell to Rmb7.33 against the dollar on Wednesday, its ...
5h
on MSN
Asian markets turn lower after volatile day on Wall Street, China's inflation near zero
Asian stocks largely lower on Thursday after U.S. stocks had a volatile trading session and ended mixed. Equities ...
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5h
China to increase finance support for green, low-carbon development: central bank official
BEIJING -- China's financial sector will promote the steady growth of green finance in support of green and low-carbon ...
Business Times
3d
PBOC maintains support for yuan with fix stronger than key level
CHINA reaffirmed its support for the yuan after allowing the currency to slip below a key support level in the last session.
1d
China's economic stimulus measures since September
China has expanded the scope of a consumer goods trade-in scheme and will give more subsidies for digital purchases this year ...
4d
on MSN
China’s PBOC Vows More Support for Innovation and Consumption
China’s central bank said it will step up financial support for technology innovation and consumption stimulation as part of ...
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