I don't think the jump is mainly caused by the revaluation of RMB. The main reason, I believe, is that commercial banks are tempted to put money in the inter-bank market where potential risks are lower than lending.
Quotes about rmb (5 Quotes)
For Chinese refineries, every time they sell a ton of gasoline or diesel, they lose 1,000 RMB, ... The whole refining industry is hurting.
What the premier said means that China would continue to increase the flexibility of the RMB exchange rate in a gradual manner.
The agreement of the State Council to expand RMB business in Hong Kong helps strengthen Hong Kong's role as an international financial center,
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