The People's Bank of China will sell 30 billion yuan ($4.26 billion) of off...
FILE PHOTO: A woman walks past the headquarters of the People's Bank of China , the central bank, in Beijing, China September 28, 2018. REUTERS/Jason Lee
HONG KONG/SHANGHAI - The People’s Bank of China will sell 30 billion yuan of offshore yuan-denominated bills in Hong Kong on August 14, it said on Tuesday.The issuance came after China let the yuan weaken past the key 7 per dollar level amid the escalating trade war with the United States, and after Washington labeled the country a currency manipulator on Monday.
Traders say the PBOC has at times in the past used issuance in Hong Kong as a way to mop up liquidity and support offshore yuan levels.was last seen at 7.0967 per dollar, after hitting record lows in early Asia trade.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hong Kong police make fresh arrests, city braces for further protestsOver 20 arrested in Hong Kong during violent clashes between police and anti-govt protesters as the territory braces for a general strike which will bring the city to a halt
Read more »
Hong Kong police arrest over 20 protesters in new scufflesHONG KONG (AP) — Hong Kong police said Sunday that they arrested more than 20 people for unlawful assembly, assault and other offences after confrontations between protesters and authorities...
Read more »
Hong Kong protesters and police face off in familiar cycleProtesters and authorities have clashed in Hong Kong again as demonstrators removed a Chinese flag from a pole at the iconic Victoria Harbour, surrounded a police station and defied rounds of tear gas fired at them
Read more »
Hong Kong government: protests are pushing city to 'extremely dangerous edge'Masked demonstrators in Hong Kong throw rocks at a police station following another day of violent clashes. More here:
Read more »