Before the policy change, the People's Bank of China had set the rate at which all yuan traded against the US dollar. Photo: Reuters Before the policy change, the People's Bank of China had set the rate at which all yuan traded against the US dollar. Photo: Reuters
Before the policy change, the People's Bank of China had set the rate at which all yuan traded against the US dollar. Photo: Reuters

Mainland China banks set own yuan rates for retail clients

Beijing's latest easing on exchange rate with greenback comes in lead-up to talks with US

Before the policy change, the People's Bank of China had set the rate at which all yuan traded against the US dollar. Photo: Reuters Before the policy change, the People's Bank of China had set the rate at which all yuan traded against the US dollar. Photo: Reuters
Before the policy change, the People's Bank of China had set the rate at which all yuan traded against the US dollar. Photo: Reuters
READ FULL ARTICLE