China central bank urges state-owned businesses to prioritise yuan in overseas expansion
SHANGHAI (Reuters) -China’s central bank said on Monday it was encouraging state-owned enterprises to prioritise yuan usage in payment and…
Tag: yuan
Offshore Yuan Funding Costs in Hong Kong Sink to Record Low
A gauge of the offshore yuan’s borrowing cost in Hong Kong dropped to the lowest since data became available in…
China keeps LPR steady as Trump tariffs pressure yuan
The People’s Bank of China (PBOC) building in Beijing, China, on Thursday, Dec. 15, 2022. Bloomberg | Getty Images China…