CNY central rate against the USD from the PBOC today, USD/CNY at its lowest since the middle of November last year
OMOs:
- to inject 10 bn yuan via 14-day reverse repos
- to inject 10 bn yuan via 28-day reverse repos
Earlier from China:
- China yuan central rate coming soon ... meanwhile some China headlines
Also, this from yesterday, just doing a catch-Up:
- The People's Bank of China (PBoC) encouraged banks at a meeting late last month to issue more US dollar bonds, according to two market sources
- The guidance was verbal and no specific measures were mentioned
- "Letting Chinese banks issue more US dollar bonds can help keep the US dollars held by Chinese residents and corporations within the 'China circle'," said a Hong Kong-based fixed-income analyst, noting that Chinese money supported most of the US dollar bonds of Chinese issuers."From the regulators' point of view, declines in foreign reserves will not look so scary if the money remains under the PBoC's control, rather than flowing to the US or Europe," he said.
