Published Nov 9, 2026, 2:57 AM ET · Updated 5 days ago · 1 source

Chinese banks boost dollar deposit rates as Beijing seeks to smooth yuan rally

reuters
reuters
·
Original Report
INFERY
Chinese banks boost dollar deposit rates as Beijing seeks to smooth yuan rally

Several Chinese banks are sharply lifting dollar deposit rates, in some cases above US benchmarks, in unusually swift moves that bankers say are attracting cash and could temper gains for China's yuan.