The offshore borrowing cost for the yuan jumped this week to an eight-month high, as the Chinese central bank hardens its resolve to keep the yuan’s stable against major currencies. Photo: SCMP

Hibor jumps in Hong Kong as China makes it more expensive to bet against the yuan

Hibor jumped above 20 per cent for the second time this year as China hardens resolve to keep the yuan stable during Li Keqiang’s US visit, and before the currency joins the SDR on October 1

Topic |   Yuan

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The offshore borrowing cost for the yuan jumped this week to an eight-month high, as the Chinese central bank hardens its resolve to keep the yuan’s stable against major currencies. Photo: SCMP
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