On Friday overnight yuan borrowing costs surged:
The squeeze comes amidst plenty of promises that extra liquidity will be provided soon, before the long Lunar New Year holiday at least (which is still a way away, commencing on February 11).
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.
We and our partners store and/or access information on a device, such as unique IDs in cookies to process personal data. You may accept or manage your choices by clicking below, including your right to object where legitimate interest is used, or at any time in the privacy policy page. These choices will be signalled to our partners and will not affect browsing data.
We and our partners process data to provide:
Use precise geolocation data. Actively scan device characteristics for identification. Store and/or access information on a device. Personalised ads and content, ad and content measurement, audience insights and product development.