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The People's Bank of China's issuance...>

CHINA PRESS
CHINA PRESS: The People's Bank of China's issuance of CNY20 billion in bills in
Hong Kong on Wednesday was to deter speculators who short the offshore yuan,
reported Economic View owned by China News Service, citing Cai Hao, a researcher
at the National Institution for Finance & Development.
- The move will drain the liquidity in the offshore market and increase the cost
of shorting yuan, Cai was reported as saying. The relatively smaller amount
means the step served as a warning, Cai said;
- The PBOC yesterday issued CNY10 billion 3-month bills at 3.79%, and CNY10
billion 1-year bills at 4.2% in Hong Kong, Economic View said.
(Link to story: https://bit.ly/2yX1DHb)

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