Photographer: Xaume Olleros/Bloomberg

Most Yuan Interbank Rates Rise in Hong Kong as PBOC Curbs Supply

  • Reserve requirements to include overseas banks' yuan deposits
  • Tighter liquidity boosts cost of shorting yuan offshore

The cost of borrowing yuan for a week or more increased in Hong Kong’s interbank market after China’s central bank said it will impose reserve-requirement ratios on yuan deposited onshore by overseas financial institutions from Jan. 25.

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