SiP Posted October 22 Report Share Posted October 22 China Sells Most US Securities in Four Years Amid Yuan Weakness https://finance.yahoo.com/news/china-sells-most-us-securities-011321224.html Link to comment Share on other sites More sharing options...
SiP Posted October 22 Report Share Posted October 22 Bloomberg (George Lei): “The exodus of money from China has intensified in September with few signs of abating in recent weeks… China’s FX regulator, SAFE, released a disturbing set of data on Friday: onshore banks net sold foreign currencies worth $19.4 billion to their clients in September, the most since November 2018… Banks sent a net of $53.9 billion abroad on behalf of clients, the biggest monthly outflow since January 2016, shortly after PBOC engineered a one-off depreciation in August 2015 Link to comment Share on other sites More sharing options...
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