New RMB fix formula signals further reforms, says HSBC

Noah Sin

May 26, 2017 10:30 am

pboc 230px. — People walk past the China's central bank or People's Bank of China in Beijing Tuesday, Aug. 11, 2015. China devalued its tightly controlled currency on Tuesday following a slump in trade, triggering the yuan's biggest one-day decline in a decade. (AP Photo/Andy Wong) | Andy Wong/AP/Press Association Images

A new formula to determine the daily renminbi fix could be a prelude to more exchange rate policy reform from China, said HSBC.

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Regulation Asia Market news China Regulation and Policy FX China Asia Regulation People and Markets Market News Asia Greater China Northeast Asia China Asia Pacific EM People and Markets Emerging Markets China People and Markets

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Noah Sin