人民币大消息，央行签4000亿元大单

Core Viewpoint - The People's Bank of China (PBOC) has renewed a bilateral currency swap agreement with the Bank of Korea, with a swap scale of 400 billion RMB / 70 trillion KRW, effective for five years, which aims to deepen monetary cooperation and stabilize financial markets [1][4]. Group 1: Bilateral Currency Swap Agreement - The renewed agreement is expected to enhance financial cooperation between China and South Korea, facilitate bilateral trade, and maintain financial market stability [4]. - Bilateral currency swaps allow central banks to exchange their currencies to obtain liquidity, which is crucial for stabilizing financial markets [4]. - This arrangement is a manifestation of deepening economic and financial cooperation between countries, helping to mitigate exchange rate risks and support trade and investment [4]. Group 2: Positive Impacts of Currency Swaps - The currency swap has become an important part of the global financial safety net, enhancing market confidence and contributing to regional and global financial stability [5]. - The funds from the swap can support bilateral trade and investment activities, helping market participants save on exchange costs and reduce currency risk [5]. - It provides necessary liquidity to offshore markets, optimizing the currency usage environment, as seen in the arrangement with the Hong Kong Monetary Authority [5]. Group 3: Recent Developments in Currency Cooperation - In 2023, the PBOC has been actively deepening currency cooperation with various countries, including renewing agreements with Turkey and Thailand, and signing new agreements with European central banks [6]. - The swap agreements with Turkey and Thailand have scales of 35 billion RMB / 189 billion TRY and 70 billion RMB / 37 billion THB respectively, both effective for five years [6]. - New agreements with European central banks include a swap of 350 billion RMB / 45 billion EUR with the European Central Bank and 1.5 billion RMB / 170 billion CHF with the Swiss National Bank, both effective for five years [6].