Offshore Yuan Drops Most Since 2011 as Forex Scrutiny Stepped Up

Offshore Yuan Drops Most Since 2011 as Forex Scrutiny Stepped Up

Jerome Favre/Bloomberg

Pedestrians walk past HSBC advertisements showing a Renminbi currency symbol outside the HSBC Holdings Plc headquarters in Hong Kong. The offshore yuan declined 0.48 percent to 6.1844 per dollar as of 3:40 p.m. in Hong Kong, according to data compiled by Bloomberg.