[ccpw id="5"]

Home.forex news reportMore on PBOC set to issue a record volume of offshore yuan...

More on PBOC set to issue a record volume of offshore yuan bills in Hong Kong

-


I posted on this back on Monday this week:

The news is still being popped up around the place.

Wall Street Journal now, citing Goldman Sachs:

  • China to Issue Central Bank Bills in Hong Kong Amid Weakening Yuan
  • tender of 60 billion yuan, equivalent to $8.18 billion, of six-month bills to be held on Jan. 15 for settlement on Jan. 17
  • planned issuance of a large amount of central bank bills in Hong Kong should drain offshore-yuan liquidity and discourage offshore-yuan short positions, said Goldman Sachs’ Economics Research team.

I guess the new bit is the confirmation of the amount, 60bn yuan. A record amount. But we already knew it’d be the largest ever, see my post linked above.

Guess it pays to read ForexLive.

Our correspondent in Beijing 😉



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

LATEST POSTS

USD/JPY Price Analysis: Inflation, Tariffs Complicate BoJ Path

The USD/JPY price analysis indicates accelerating price pressures in Japan. Tokyo’s CPI increased by 3.4%, which is above forecasted to be a 3.2% increase. The dollar...

Atlanta GDPNow growth estimate adjusted for exports and imports of gold -0.4% vs -0.1%

The Atlanta Fed GDPNow growth estimate for Q2 adjusting for exports and imports of gold failed to -0.4% from -0.1% previously. The unadjusted GDP...

Bunzl bosses snap up shares after £2bn sell-off

Stay informed with free updatesSimply sign up to the Investments myFT Digest -- delivered directly to your inbox.Bunzl shareholders suffered a double blow last...

Follow us

0FansLike
0FollowersFollow
0SubscribersSubscribe

Most Popular

spot_img