The People's Bank of China offloaded holdings of U.S. Treasurys to diversify reserves, reflecting Beijing's push to cut dollar dependence.
3 reports, 1 independent
Updated Oct 12
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What happened
The People's Bank of China offloaded holdings of U.S. Treasurys to diversify reserves, reflecting Beijing's push to cut dollar dependence.
Who's involved
What this event is mainly aboutKeep exploring
The entities involved
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People's Bank of China
central bank of the People's Republic of China
Nothing else this week.
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U.S. Treasury
mine in Sierra County, New Mexico, United States of America
Related events
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- CITIC Securities chief economist commented on the People's Bank of China's policy shift and its impact on the financial sector.
- PBOC signals resistance to yuan strength and sets midpoint to slow appreciation, noting AUD as a proxy for Chinese growth.