- Analytics
- News and Tools
- Market News
- PBOC urges banks to limit some Connect bond outflows – Reuters
PBOC urges banks to limit some Connect bond outflows – Reuters
Citing two sources with direct knowledge of the matter, Reuters reported that the People’s Bank of China (PBOC) called on some domestic banks to reduce their outward investments through the Bond Connect scheme.
The sources said that the PBOC guidance appears aimed at outflows and limiting Yuan offshore supply.
One of the sources said, "restricting Yuan from flowing to offshore market could tighten offshore yuan liquidity to raise the financing cost.”
Market reaction
At the time of writing, USD/CNY is trading 0.06% higher on the day at 7.2819.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
