Text size

Private banks brace as China acts to tame runaway currency

On Monday, the People’s Bank of China acted to rein in the runaway RMB which has appreciated against global currencies as investors flock to benefit from the reopening of the economy there. The PBoC increased the cash that banks have to put up with the Chinese central bank to exchange foreign currencies for RMB-denominated assets. It increased the reserve requirement…

To access this content, please click back to the home screen, then click “Menu” (bars in top left bars) and then “Login”.
To enquire for a free trial, please start here.
Need more help? Click here or email [email protected].

Have a confidential tip? Get in touch [email protected]