The PBOC will sell 10 billion yuan (US$1.4 billion) each in three-month bills and one-year bills in Hong Kong next Wednesday. Photo: Sam Tsang

Chinese central bank’s step into Hong Kong to ‘improve transparency and liquidity’

  • The People’s Bank of China’s decision to control the offshore yuan exchange rate through bill sales in Hong Kong is being applauded by traders as helping to improve transparency of central bank efforts to manage market liquidity
Topic |   Yuan

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The PBOC will sell 10 billion yuan (US$1.4 billion) each in three-month bills and one-year bills in Hong Kong next Wednesday. Photo: Sam Tsang
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