China Issues Record Bills in Hong Kong to Boost the Yuan - PRESS AI WORLD
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China Issues Record Bills in Hong Kong to Boost the Yuan

share-iconPublished: Thursday, January 09 share-iconUpdated: Thursday, January 09 comment-icon10 months ago
News sources:
BLOOMBERG
China Issues Record Bills in Hong Kong to Boost the Yuan

Credited from: BLOOMBERG

  • China has initiated an extensive plan to support the struggling yuan.
  • The country will issue a record amount of bills in the Hong Kong market.
  • This measure aims to mop up excess liquidity affecting the currency's value.
  • The decision reflects the ongoing efforts by the PBOC to stabilize the yuan.
  • For more details, read the full article here: Bloomberg.

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