Skip to main content

The PBoC’s efforts to solve the ‘impossible trinity’

Chinese central bank intervenes to manage offshore renminbi rate

renminbi-notes

The People’s Bank of China has moved directly to control the offshore renminbi interest rate and foreign exchange rate (CNH) by issuing 20 billion yuan ($2.9 billion) of renminbi notes in Hong Kong. The sale of the notes through the Hong Kong Monetary Authority’s Central Moneymarkets Unit’s (CMU) bond tendering, clearing and settlement platform attracted significant interest from investors, particularly as the rate offered was viewed as higher than the PBoC necessarily needed to pay.

Solo los usuarios que tengan una suscripción de pago o formen parte de una suscripción corporativa pueden imprimir o copiar contenido.

Para acceder a estas opciones, junto con todas las demás ventajas de la suscripción, póngase en contacto con info@centralbanking.com o consulte nuestras opciones de suscripción aquí: subscriptions.centralbanking.com/subscribe

Actualmente no puede copiar este contenido. Póngase en contacto con info@centralbanking.com para obtener más información.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Regístrese en Central Banking

Todos los campos son obligatorios, salvo que se indique lo contrario.

Mostrar contraseña
Ocultar contraseña

Most read articles loading...

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

Iniciar sesión
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

.