No they wouldn't, no one would put their eggs in one basket in terms of risk.
Nonetheless the size of markets in control of hedge funds is still larger than what the PBOC has access to.
It may be better to substitute 'hedge funds' with anyone out there wanting to make profit through a price anomaly. This amount of people and their money is larger than the PBOC's resources.
Also it doesn't always take a sell to lower a price, or a buy to increase a price. It just takes a price that has the largest amount of trades as it does on Monday morning auctions with every currency.
Nonetheless the size of markets in control of hedge funds is still larger than what the PBOC has access to.
It may be better to substitute 'hedge funds' with anyone out there wanting to make profit through a price anomaly. This amount of people and their money is larger than the PBOC's resources.
Also it doesn't always take a sell to lower a price, or a buy to increase a price. It just takes a price that has the largest amount of trades as it does on Monday morning auctions with every currency.