# PBOC could mull letting yuan go without huge crash, survey shows - The Business Times

> A Bloomberg poll of 24 financial institutions found most respondents believe China could loosen its tight grip on the yuan without triggering a sustained market disruption, though they see only a limited chance of such a move. Respondents expect the PBOC to keep prioritizing stability and prevent a sharp decline even if the Fed delays rate cuts.

- Date: 2024-07-09 · published 2024-07-09T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/12300-pboc-could-mull-letting-yuan-go-without-huge-crash-survey-shows-the-business
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Expectations of a stable managed yuan limit the risk of a sudden currency shock that would disrupt Chinese feed import purchasing. The survey points to steady rather than sharply weaker Chinese import capacity for feed commodities.

## Read by commodity

- USDCNY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2017-07-04 | [China's yuan gains, but market wary of Beijing's currency policy - The Business Times](https://feedsoft.ai/events/70196-china-s-yuan-gains-but-market-wary-of-beijing-s-currency-policy-the-business.md) | +0.0% | -1.2% |
| USDCNY | 2017-08-17 | [Markets still bewildered after China central bank explains yuan 'X'-factor - The Business Times](https://feedsoft.ai/events/69677-markets-still-bewildered-after-china-central-bank-explains-yuan-x-factor-the.md) | -0.5% | -2.1% |
| USDCNY | 2017-02-22 | [Across The Border \| Why the PBOC has changed the way it computes the yuan’s daily midpoint \| South China Morning Post](https://feedsoft.ai/events/72720-across-the-border-why-the-pboc-has-changed-the-way-it-computes-the-yuan-s-daily.md) | -0.2% | +0.0% |
| USDCNY | 2024-01-22 | [China’s yuan holds steady on unchanged lending rates; offshore yuan liquidity tight - Markets - Business Recorder](https://feedsoft.ai/events/32359-china-s-yuan-holds-steady-on-unchanged-lending-rates-offshore-yuan-liquidity.md) | -0.2% | -0.0% |
| USDCNY | 2024-11-29 | [China’s yuan to snap 8-week losing streak; Trump worries linger - Markets - Business Recorder](https://feedsoft.ai/events/27627-china-s-yuan-to-snap-8-week-losing-streak-trump-worries-linger-markets-business.md) | +0.1% | +0.7% |

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/pboc-could-mull-letting-yuan-go-without-huge-crash-survey-shows

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.