Thursday’s sale was the third since anti-government protests that started in Hong Kong in June aroused concerns over the city’s economic future and its status as a magnet for international capital. Photo: Kyodo
China sells 10 billion yuan of bills in Hong Kong to protect currency ahead of National Day, US trade war talks
- The People’s Bank of China’s auctioned 10 billion yuan (US$1.4 billion) of six-month bills in the embattled city on Thursday
- It comes ahead of the October 1 holiday which will celebrate the 70th anniversary of the founding of the People’s Republic as well as next month’s talks in Washington
Topic |
Yuan
Thursday’s sale was the third since anti-government protests that started in Hong Kong in June aroused concerns over the city’s economic future and its status as a magnet for international capital. Photo: Kyodo