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China Pushes Yuan Aggressively Higher As Corporate Bonds Implode
Market Depth
The PBOC's Cross Border Financing Rule
The PBOC, they raised a cross border financing ratio. It puts a cap on how much corporates can borrow overseas as a relative portion of its balance sheet assets. There's not so much an encouraging of off-shore debt issuance as it is a discouraging of domestic debt via buying dollars and selling on short you want.
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