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PBOC has relaxed cross-border funding

Started by forex4you, Oct 25, 2022, 11:16 am

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PBOC has relaxed cross-border funding

<p>Announcement by the People's Bank of China (PBOC) and the State Administration of <a href="" target="_blank" id="cff90262-ebd2-43dc-b534-2473683bb888_1" class="terms__main-term">Foreign Exchange</a> (SAFE):</p><p>Will raise the macro-prudential adjustment parameters for cross-border financing from 1 to 1.25. this will allow corporates and banks' to boost cross-border financing and potentially increase  foreign capital inflows.</p><p>-</p><p>This is a positive sign from China and should lend a boost to stocks there today. After yesterday, its needed. </p><p>Earlier:</p><ul><li><a href="" rel="follow" target="_self" class="vertical-align-baseline">Goldman Sachs warn on China leadership - the risks that sent HK's Hang Seng into freefall</a></li><li><a href="" rel="follow" target="_self">China's new leadership group: pro-market pragmatists "gone"</a></li><li><a href="" rel="follow" target="_self">Rare China optimist spotted: Allianz says China will lift its Covid-Zero policy soon</a></li></ul>

                This article was written by Eamonn Sheridan at

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