Yonhap Infomax NewsChina’s state-owned banks are increasingly intervening in the FX market by buying US dollars instead of the central bank, with funds now flowing into equities and other dollar assets rather than US Treasuries, according to former Goldman Sachs FX chief Robin Brooks.
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#China #StateOwnedBanks #ForeignExchangeReserves #CurrentAccountSurplus #USDollar
#Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=84332
#YonhapInfomax
#China #StateOwnedBanks #ForeignExchangeReserves #CurrentAccountSurplus #USDollar
#Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=84332
Former Goldman FX Chief Says 'Chinese State Banks Now Buying Dollars Instead—Funds Flowing Into Equities and Other Assets'
China’s state-owned banks are increasingly intervening in the FX market by buying US dollars instead of the central bank, with funds now flowing into equities and other dollar assets rather than US Treasuries, according to former Goldman Sachs FX chief Robin Brooks.
