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The offshore yuan held around 6.69 per dollar on Friday, remaining at its strongest level since July 2022 as China accelerates efforts to establish the currency as a global player. Beijing is broadening the range of available investment products and financial instruments, including derivatives and hedging tools, while
The offshore yuan held its gains around 6.69 per dollar on Monday, remaining at its strongest level since July 2022, as the People’s Bank of China kept its benchmark lending rates unchanged for a 16th consecutive month at record lows. The one-year loan prime rate (LPR) was held at 3.0%, while the five-year LPR remained