Saturday , September 18 2021
Home / South China Morning Post / China’s 2015 yuan reform sent shock waves through financial markets, now it’s ‘learning its lesson’

China’s 2015 yuan reform sent shock waves through financial markets, now it’s ‘learning its lesson’

Summary:
[unable to retrieve full-text content]China’s central bank has shed some light on its latest foreign exchange policy six years on from a devaluation of the yuan that was meant to be a free-market reform but instead sent shock waves through global financial markets. The People’s Bank of China (PBOC) has pledged to guide financial institutions to provide businesses with exchange rate risk management services based on the principals of “actual needs” for holding foreign currencies and balanced “neutral risk” to prevent sharp currency…

Topics:
Karen Yeung considers the following as important:

This could be interesting, too:

Jeffrey P. Snider writes Eurodollar University’s Making Sense; Episode 99, Part 3: When Everyone Understands Why The Dollar Goes Up, We Celebrate Our Show’s Demise

Jeffrey P. Snider writes PracTICal Remainders and Reminders

Jeffrey P. Snider writes Dollar Warning Update From The Islands Which Started It

Marc Chandler writes Euro Holds above Yesterday’s Lows Even After the ECB Denies the FT Story

[unable to retrieve full-text content]
China’s central bank has shed some light on its latest foreign exchange policy six years on from a devaluation of the yuan that was meant to be a free-market reform but instead sent shock waves through global financial markets. The People’s Bank of China (PBOC) has pledged to guide financial institutions to provide businesses with exchange rate risk management services based on the principals of “actual needs” for holding foreign currencies and balanced “neutral risk” to prevent sharp currency…

Leave a Reply

Your email address will not be published.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

This site uses Akismet to reduce spam. Learn how your comment data is processed.