China ratchets up key parameter to foster cross-border finan

China ratchets up key parameter to foster cross-border financing in fresh boost for yuan

China on Tuesday decided to ratchet up a key parameter in its macro-prudential policy toolkit to foster cross-border financing by domestic institutions. The upward revision, the first such move in two and a half years, intends to increase US dollar liquidity within the country and consequently stabilize the yuan, observers said.

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China , Chinese , , Yuan , Financial , 1 , Cross Border , Institutions ,

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