China central bank promises to keep yuan exchange rate stable

12/13/2024

Less than a minute

2024.12.13 04:10

© Reuters. FILE PHOTO: A China yuan note is seen in this illustration photo May 31, 2017. REUTERS/Thomas White/Illustration/File Photo

BEIJING (Reuters) – China will firmly prevent overshooting risks of the yuan exchange rate and keep the rate basically stable, its central bank said on Friday, state media reported.

The People’s Bank of China will increase treasury bond buying and selling operations, and provide a sound liquidity environment for government bond issuance, CCTV quoted the Bank as saying.

12/13/2024

Less than a minute

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