China central bank defends yuan with record $8.2bn bill issue in Hong Kong
SHANGHAI -- The People's Bank of China on Thursday said it will issue renminbi-denominated central bank bills worth a record 60 billion yuan ($8.18 billion) in Hong Kong, in what analysts said was an effort by the central bank to defend the currency from weakening.
China stepped up its support for the yuan as the managed currency weakened toward a policy no-go area — the edge of its ...
China's yuan fell to a 16-month low on Wednesday, pressured by a strong dollar and tariff threats from U.S. President-elect ...
China's stock exchanges and central bank rushed to defend a tumbling yuan and falling stock markets on Monday, trying to ...
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DESPITE external headwinds, the Chinese yuan is expected to maintain its resiliency and rebound later this year, thanks to ...
The PBOC’s daily yuan fixing influences global FX markets, impacts trade balances, and shapes currency trends across Asia and ...
European shares held steady on Tuesday after inflation data matched expectations, while Asian shares rose as some investors ...
CHINA reaffirmed its support for the yuan after allowing the currency to slip below a key support level in the last session.
Yuan funding costs in Hong Kong surged to levels unseen in years, signaling concern that Beijing’s efforts to stabilize the ...
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