HomeInternationalPBOC sets USD/ CNY reference rate for today at 6.3346 (vs. estimate...

PBOC sets USD/ CNY reference rate for today at 6.3346 (vs. estimate at 6.3363) – ForexLive

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USD/CNY is the onshore yuan. Its permitted to trade plus or minus 2% from this daily reference rate.
CNH is the offshore yuan. USD/CNH has no restrictions on its trading range.
The PBOC inject 300 yuan via 7 day reverse repos (rate remains at 2.1%)
10bn yuan mature today
thus a net 290bn injection

For the week as a whole the People’s Bank of China has injected a chunky net 790bn yuan in total.
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