# Yuan rebounds on corp debt quota easing - Chinadaily.com.cn

> The yuan rebounded on July 20 after China increased its macroprudential parameter for cross-border corporate financing from 1.25 to 1.5, which allows more overseas borrowing. The onshore yuan jumped about 386 basis points to 7.1811 per dollar after a three-day slide.

- Date: 2023-07-20 · published 2023-07-20T12:00:00.000Z
- Category: policy · region China · magnitude low
- Page: https://feedsoft.ai/events/35260-yuan-rebounds-on-corp-debt-quota-easing-chinadaily-com-cn
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Increased overseas borrowing channels add dollar liquidity onshore and ease yuan depreciation, modestly lowering import costs for Chinese feed buyers.

## Read by commodity

- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2026-06-17 | [Offshore Yuan Rebounds on Globalization Push](https://feedsoft.ai/events/8415-offshore-yuan-rebounds-on-globalization-push.md) | +0.8% | +0.2% |
| USDCNY | 2017-08-30 | [Renminbi rises strongly against US dollar - Chinadaily.com.cn](https://feedsoft.ai/events/10861-renminbi-rises-strongly-against-us-dollar-chinadaily-com-cn.md) | -1.1% | +0.7% |
| USDCNY | 2022-09-06 | [China’s yuan rebounds from 2-year low after PBOC cuts FX reserve ratio - Markets - Business Recorder](https://feedsoft.ai/events/12271-china-s-yuan-rebounds-from-2-year-low-after-pboc-cuts-fx-reserve-ratio-markets.md) | +0.4% | +3.1% |
| USDCNY | 2023-05-19 | [PBOC calls for efforts to prevent drastic exchange rate changes - Chinadaily.com.cn](https://feedsoft.ai/events/36182-pboc-calls-for-efforts-to-prevent-drastic-exchange-rate-changes-chinadaily-com.md) | +0.6% | +1.3% |
| USDCNY | 2026-02-27 | [China encourages dollar buying to slow surging yuan \| Reuters](https://feedsoft.ai/events/7895-china-encourages-dollar-buying-to-slow-surging-yuan-reuters.md) | +0.7% | +1.0% |

## Sources

- chinadaily.com.cn: https://www.chinadaily.com.cn/a/202307/21/WS64b9b3eda31035260b8179f8.html

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