Market
Story
China's PBOC and SAFE Raise Cross-Border Financing Parameter from 1.5 to 1.75 to Increase Liquidity and Ease Yuan Depreciation
Jan 13, 2025, 01:37 AM
The People's Bank of China (PBOC) and the State Administration of Foreign Exchange (SAFE) have announced an increase in the macro-prudential adjustment parameter for cross-border financing. The parameter has been raised from 1.5 to 1.75, effective January 13, 2025. This adjustment aims to enhance the liquidity of the yuan and mitigate unilateral depreciation by allowing Chinese enterprises and financial institutions greater access to foreign capital. The change is expected to facilitate increased inflows and ease pressures on the yuan's value in the foreign exchange market.
View original story
Similar markets
7.30 to 7.50 • 25%
7.51 to 7.70 • 25%
Above 7.70 • 25%
Below 7.30 • 25%
Above 7.50 • 25%
Below 7.00 • 25%
7.26 to 7.50 • 25%
7.00 to 7.25 • 25%
Weakened by 5% or more • 25%
Weakened by 10% or more • 25%
Remains within 5% of current level • 25%
Strengthened by 5% or more • 25%
7.5 to 8.0 • 25%
Below 7.0 • 25%
7.0 to 7.5 • 25%
Above 8.0 • 25%
Between 0.95 and 1.00 USD/CHF • 25%
Below 0.90 USD/CHF • 25%
Between 0.90 and 0.95 USD/CHF • 25%
Above 1.00 USD/CHF • 25%
Below 145 yen per dollar • 25%
145 to 150 yen per dollar • 25%
151 to 155 yen per dollar • 25%
Above 155 yen per dollar • 25%