PBOC injects 160bn via 7-day reverse repos

FXStreet (Bali) - People’s Bank of China injects 160bn via 7-day reverse repos, while injecting cny 40 bln via open market ops this week.

Jan 14, 2016

PBOC sets USD/CNY at 6.5616 vs 6.5743 last close

As has been the norm for the past 5 fixes, today was anther stable fix by the PBOC, setting USD/CNY mid-point at 6.5616 vs 6.5743 last close.

Fitch: Corporate defaults in China likely to become more common

According to Fitch Ratings-Singapore, Corporate defaults in China are likely to continue to become more common as the authorities move to develop the corporate bond market and issuance grows.