CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
Cryptopolitan 2023-08-25 06:21:29

China requests banks to restrict certain outflows via Connect bond

China’s central bank has instructed several local banks to reduce their external investments utilizing the Bond Connect scheme. The People’s Bank of China (PBOC) has reportedly issued these instructions to curb the flow of the yuan into Hong Kong. The action is intended to limit the availability of yuan in offshore markets. China controlling offshore ... Read more

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.