HONG KONG -- Some Hong Kong-listed companies are shifting their borrowings to yuan, sometimes drastically, as the U.S. Federal Reserve keeps rates high to fight inflation while the People's Bank of China maintains a low-rate environment to prop up its stagnating economy.
Currencies
Hong Kong-listed companies slash dollar borrowings in favor of yuan
Snack maker Want Want China cuts greenback funding by over 90% for lower rates
Some Hong Kong-listed companies are opting for financing in yuan in pursuit of lower interest rates. © Reuters
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