CHINA MARKET UPDATES (JANUARY 22, 2025)
CHINA MARKET UPDATES (JANUARY 22, 2025)
YUAN FIXING: China's yuan set at 7.2659 today, within a range of 7.2601 to 7.2688.
CENTRAL BANK ACTION: The People's Bank of China injected 1157.5 billion yuan through 14-day reverse repos at 1.65%.
REPO RATE: China's 7-day repo rate drops by 30 basis points to 1.7363%.
TOURISM SPENDING: China's domestic tourism spending is expected to increase by 17.1% year-over-year in 2024.
