Wednesday, April 17, 2024

Grow Your Business and Join MarketWorld Marketplace and Create Your Own Store front

HomeEconomyChina's clashing priorities behind rare money market distress

China’s clashing priorities behind rare money market distress

EconomyGovernment

Reuters exclusively reported China’s attempts to keep the yuan from falling contributed to last week’s chaos in money markets, pointing to the pressure behind the scenes as Beijing tries to guide its economy and markets through a major slowdown.

Market Impact

Routine month-end demand for cash in China’s banking system snowballed into a scramble on Oct. 31 that pushed short-term funding rates as high as 50% in some cases, an incident that authorities are now investigating. 

Article Tags

Topics of Interest: EconomyGovernment

Type: Reuters Best

Sectors: Economy & PolicyGovernment & Public Services

Regions: Asia

Countries: China

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Significant National Story


Source link

Bookmark (0)
ClosePlease login
RELATED ARTICLES
- Advertisment -spot_img

Most Popular

Sponsored Business

- Advertisment -spot_img