PBOC sets USD/ CNY reference rate for today at 7.0680 (vs. Friday at 7.0690)
People's Bank of China adds a few tics to yuan strength at the setting
- injects 50bn yuan through 7 day RRs
In some separate China news. Last year was an all time high for bond defaults.
Fitch says defaults so far this year, for the first 3 quarters, has matched the 2018 figure.