• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

China's Largest Offshore Bond Sale Amid Yuan Pressure

user avatar

by Giorgi Kostiuk

3 months ago


The People's Bank of China recently announced a sale of Rmb60B ($8.2B) bonds in Hong Kong, marking the largest offshore bond sale since 2018. This aims to support the weakened yuan under Wall Street's pressure.

Offshore Bond Sale and Its Impact

The announcement from the People's Bank of China to sell offshore bonds is intended to absorb yuan liquidity. This move will increase costs for traders betting against the currency in markets outside China. Following Donald Trump's election victory and the threat of new tariffs, the yuan has fallen to over Rmb7.33 per dollar, the lowest level since September 2023.

Short-term Forecasts for the Yuan

Major financial institutions like JPMorgan, Barclays, and BNP Paribas predict a decline in the yuan to Rmb7.5 per dollar by the end of 2025. Nomura predicts the currency will reach Rmb7.6 by May, while Bank of America estimates it will reach Rmb7.4 by year's end.

Implications for Chinese Exports

The renminbi's devaluation would allow Chinese exporters to maintain competitiveness in the face of increased US tariffs. However, this could lead to allegations of currency manipulation from the United States.

The offshore bond sale and the yuan's depreciation are strategic moves by China to mitigate the economic impact of new US tariffs. Significant changes could occur in the coming months depending on further policy decisions.

0

Share

Other news

How KiloEx is Changing the Face of Decentralized Exchanges

KiloEx completed its TGE, raising 1213.94 BNB in 1 second, offering traders a new, more secure platform.

user avatarGiorgi Kostiuk

a few seconds ago

MXNB Stablecoin by Bitso: A New Era in Mexican Crypto Market

Bitso introduces MXNB, a peso-pegged stablecoin for fast and efficient cross-border payments in Mexico.

user avatarGiorgi Kostiuk

a minute ago

Kaspa Prepares for Major Network Upgrade: Crescendo Hardfork

Kaspa plans to transition to 10 blocks per second, a tenfold increase in current throughput.

user avatarGiorgi Kostiuk

2 minutes ago

Arctic Pablo Coin: A Standout in the Investor's Radar

Arctic Pablo Coin is gaining attention with innovations, including 66% APY in its presale phase.

user avatarGiorgi Kostiuk

3 minutes ago

XRP: Price Forecasts and Influential Market Factors

XRP captures investors with potential surges to $8.50-$27. Explore key factors and projections.

user avatarGiorgi Kostiuk

4 minutes ago

Best Blockchain Analysis Tools 2025: Trader's Choice

In 2025, blockchain analysis becomes essential for investors and traders. Discover the year's top 7 platforms.

user avatarGiorgi Kostiuk

4 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.