PBoC tightens offshore liquidity with more bills
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China’s central bank (PBoC) is trying to ease downward pressure on the yuan by issuing bills offshore.
On Friday, the PBoC issued RMB 60 billion worth of yuan-denominated bills in Hong Kong.
It issued RMB 40 billion worth of three-month bills and RMB 20 billion one-year bills.
It’s the second cons...