Chinese central bank upgrades currency swap with Hong Kong central bank.
M2 EQUITYBITES-July 4, 2022--Chinese central bank upgrades currency swap with Hong Kong central bank
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Global Banking News - 04 July 2022
The Chinese central bank has extended its currency swap agreements with the Hong Kong central bank.
The Chinese central bank said that it has upgraded a currency swap facility with Hong Kong to a permanent agreement. The move also saw the size of the agreement being enhanced to CNY800bn from CNY500bn. This is the Chinese central bank's first standing swap agreement.
The upgraded...
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