yuan depreciation

  1. China Banks Brace for June Cash Squeeze as Fund Costs Jump

    China Banks Brace for June Cash Squeeze as Fund Costs Jump
    China’s deleveraging dilemma -- how to squeeze excess liquidity out of the financial system without spurring a full-blown cash crunch -- is facing its toughest test. June is traditionally a tight time for banks because of regulatory checks, and this year, lenders are grappling with an official campaign to reduce the level of borrowing as well. Wholesale funding costs and money-market...

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