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China’s state banks seen mopping up offshore yuan liquidity sources
Aggregated Source: ChinaLegalBlog.com

Coins and banknotes of China’s yuan are seen in this illustration picture taken February 24, 2022. REUTERS/Florence Lo/Illustration/File Photo Acquire Licensing Rights

SHANGHAI, Aug 21 (Reuters) – China’s major state-owned banks were seen actively mopping up offshore yuan liquidity on Monday, three people with knowledge of the matter said, a move that raised the cost of shorting the Chinese currency.…

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