top of page

🔔 China regulators probe liquidity stress that sent rates to record 50% on October 31 👀

"The China Foreign Exchange Trade System (CFETS), a central bank affiliate that operates China's interbank market, has asked institutions that settled trades on Tuesday at the 50% rate to submit explanations, according two sources with direct knowledge".

"A trader said a large number of fund houses, brokerages and trust firms were scrambling to borrow money in afternoon trade on Tuesday to avoid defaults as big banks appeared reluctant to lend".

Connect and subscribe:



1 view0 comments

Recent Posts

See All

Got Silver? 5/15/24

Are you PREPARED? Watch the USD price of Silver, for when they finally lose control of Silver, that is when their end is near. I can assure you that many people in the land that I have called my home


bottom of page