Core Points - The People's Bank of China (PBOC) and the Bank of Korea have renewed a bilateral currency swap agreement with a scale of 400 billion RMB / 70 trillion KRW, valid for five years, with the possibility of extension [1] - This renewal aims to deepen monetary and financial cooperation between the two countries, facilitate bilateral trade, and maintain financial market stability [1] Summary by Category Agreement Details - The bilateral currency swap allows either central bank to exchange a specified amount of their currency for an equivalent amount of the other’s currency under certain conditions [1] - The agreement is intended for settling bilateral trade and investment or providing short-term liquidity support to the financial market [1] Context and Impact - As of June 30, 2025, the PBOC has signed bilateral currency swap agreements with 43 countries and regions, with 32 effective agreements totaling over 4.5 trillion RMB [1]
中韩续签双边本币互换协议，规模为4000亿元人民币/70万亿韩元
Guan Cha Zhe Wang·2025-11-03 11:18