Cash is leaving China again, pressuring yuan - News Summed Up

Cash is leaving China again, pressuring yuan


The yuan has dropped to seven-month lows this week, alongside a reversal in equity investment flows into ChinaWoman holds Chinese Yuan banknotes in this illustration taken May 30, 2022. REUTERSWoman holds Chinese Yuan banknotes in this illustration taken May 30, 2022. The yuan has dropped to seven-month lows this week, alongside a reversal in equity investment flows into China. Domestic investors have used the southbound leg to pump 129 billion yuan into Hong Kong. Since early May, the CNH has fallen 1.9% against the Hong Kong dollar.


Source: bd News24 June 24, 2024 03:05 UTC



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