A A man sits in front of the headquarters of the People's Bank of China in Beijing. Photo: Reuters A A man sits in front of the headquarters of the People's Bank of China in Beijing. Photo: Reuters
A A man sits in front of the headquarters of the People's Bank of China in Beijing. Photo: Reuters
Yuan

Offshore yuan interest rate rockets to 200 per cent, with the People’s Bank eager to punish speculators

Spread between Shanghai and Hong Kong traded yuan narrows as interbank borrowing costs hit record high

Topic |   Yuan
A A man sits in front of the headquarters of the People's Bank of China in Beijing. Photo: Reuters A A man sits in front of the headquarters of the People's Bank of China in Beijing. Photo: Reuters
A A man sits in front of the headquarters of the People's Bank of China in Beijing. Photo: Reuters
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