Yuan weakness and Hong Kong offshore push
Offshore yuan had its biggest one-day drop since June after a PBOC FX reserve ratio hike, while officials promoted Hong Kong as an offshore RMB hub.
What we know
Yuan weakened 0.26% to 6.6642 after the reserve ratio hike. Officials pledged more RMB assets and support for HK listings.
How the story developed
03 Nov · 02:16 UTC
Offshore yuan had its biggest one-day drop since June after a PBOC FX reserve ratio hike, while officials promoted Hong Kong as an offshore RMB hub.
02 Nov · 15:16 UTC
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By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.