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

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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
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Frank Tang

Frank Tang

Frank Tang joined the SCMP in 2016 after a decade of China economy coverage and government policy analysis.

Karen Yeung

Karen Yeung

Karen Yeung joined the Post in 2017 after more than 15 years' experience on global newswires in Hong Kong and Shanghai. She spent eight years in Shanghai and has received awards for best feature, analysis and agenda-setting.