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KM Financial Solutions | China’s offshore money rates rise ahead of MSCI inclusion
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China’s offshore money rates rise ahead of MSCI inclusion

24 May China’s offshore money rates rise ahead of MSCI inclusion

Posted at 06:25h in News by
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SHANGHAI, May 25 (Reuters) – Offshore yuan money market
rates rose this week ahead of the inclusion of Chinese stocks in
MSCI indexes, which is expected to drive strong demand for the
currency, although analysts say recent central bank moves will
prevent a liquidity crunch.
One-year forwards on the offshore yuan, or CNH,
stood at 915 points on Friday afternoon, compared with its
closing price of 850 points a week earlier. The price of
one-year offshore yuan forwards has fallen by about o

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