Wednesday , August 5 2020
Home / South China Morning Post / China’s financial market reform stokes rally in yuan to 4-month high

China’s financial market reform stokes rally in yuan to 4-month high

Summary:
[unable to retrieve full-text content]The yuan’s exchange rate strengthened above the psychologically important level of 7 per US dollar on Thursday, as optimism over new policies liberalising China’s financial markets helped attract foreign capital.The benchmark Shanghai Stock Exchange has risen more than 9 per cent so far this week, putting it on a course for its best weekly performance in five years and helping drive the appreciation of the yuan.Analysts said the rally in stocks, reflecting funds flowing into China, was boosted…

Topics:
Karen Yeung considers the following as important:

This could be interesting, too:

Tyler Durden writes 300 ISIS Terrorists At Large: Mass Prison Break In Afghanistan After Hours-Long Firefight

Tyler Durden writes The Newest Demon In The Left’s Sights: Woke White Women

Cissy Zhou writes China increasingly worried about ‘losing face’ as Japan bankrolls exodus of firms

Tyler Durden writes Daily Briefing – August 4, 2020

[unable to retrieve full-text content]
The yuan’s exchange rate strengthened above the psychologically important level of 7 per US dollar on Thursday, as optimism over new policies liberalising China’s financial markets helped attract foreign capital.The benchmark Shanghai Stock Exchange has risen more than 9 per cent so far this week, putting it on a course for its best weekly performance in five years and helping drive the appreciation of the yuan.Analysts said the rally in stocks, reflecting funds flowing into China, was boosted…

Leave a Reply

Your email address will not be published. Required fields are marked *