Neutral
PBOC sets yuan reference rate at 6.7811, injecting 353 billion yuan into markets.
On August 28, 2026, the People's Bank of China (PBOC) set the yuan's daily reference rate at 6.7811 per U.S. dollar, a 29-pip increase from the previous day. To manage liquidity, the PBOC injected 353 billion yuan into the financial system through reverse repos. These actions aim to stabilize the yuan amid global market fluctuations.
Key points
- PBOC sets yuan reference rate at 6.7811, a 29-pip increase.
- PBOC injects 353 billion yuan into markets via reverse repos.
- OCBC Bank notes USD/CNH edged higher amid broader USD rebound.
- S&P affirms China's 'A+' rating, forecasts growth above 4%.
Sources
- Chinese yuan strengthens to 6.7811 against USD FridayXinhua · August 28, 2026
- PBOC fixes yuan at 6.7811, injects 353bn yuanBYDFi · August 28, 2026
- Chinese Yuan: Measured RMB appreciation with two-way risks – OCBCFXStreet · August 27, 2026
- S&P affirms China's 'A+' rating; sees growth above 4% as fiscal support continuesMarketScreener Saudi Arabia · August 28, 2026
AI-generated from public news sources. Not financial advice.
