Small font size A Larger text size A Largest text size A

China, Macao upgrade currency swap to long-term standing swap deal

BY Reuters | ECONOMIC | 12/06/25 01:30 AM EST

SHANGHAI, Dec 6 (Reuters) - China's central bank has upgraded a bilateral currency swap agreement to a long-term standing swap deal with the Monetary Authority of Macao, the People's Bank of China said late on Friday.

The size of the deal will be expanded to 50 billion yuan ($7.1 billion) from 30 billion yuan, the PBOC also said.

The move would further safeguard financial stability for both sides, support bilateral trade and economic exchange, and "promote steady developments of the offshore renminbi market in Macao," the PBOC said in an online statement.

($1 = 7.0696 yuan) (Reporting by Shanghai Newsroom; Editing by Tom Hogue)

More Fixed Income News

China's central bank buys gold for 13th consecutive month BY Reuters |ECONOMIC 12/06/25 10:56 PM EST
China, Macao upgrade currency swap to long-term standing swap deal BY Reuters |ECONOMIC 12/06/25 01:30 AM EST
Fed Policy Easing Expectations Help Push Gains in US Equity Indexes This Week BY MT Newswires |ECONOMIC 12/05/25 04:49 PM EST
Nasdaq Extends Advance, Wall Street Logs Weekly Gain Amid Rate Cut Optimism BY MT Newswires |ECONOMIC 12/05/25 04:47 PM EST

All Fixed Income News

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

fir_news_article