Photographer: Zhang Peng/LightRocket via Getty Images

Chinese State-Run Bank Reveals Details of Yuan Fixing Mechanism

  • System set in February becoming more market-based: China Citic
  • Adherence to policy will allow for easier forecasts, ING says

A Chinese state-run bank has revealed the inner workings of the yuan’s reference rate mechanism, including details on the lenders that provide prices as well as how the system was tweaked following market turmoil in January.

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