China vows to expand currency-swap operations

The People's Bank of China pledged on Tuesday to expand its network of swap lines with other central banks days after agreeing a Rmb70 billion ($10.2 billion) arrangement with Argentina.

The central bank said that it would "actively conduct" swap arrangements in a bid to facilitate trade among emerging markets.

"Innovation can be found in the currency swap arrangements signed by the People's Bank of China and other central banks, such as the extension of the effective period to three years and

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: