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
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
Yuan
Economy /  Global Economy

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

Frank TangKaren Yeung
Frank Tang and Karen Yeung

Updated: 10:58pm, 26 Sep, 2019

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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
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
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