PBOC Said to Ask China Banks to Suspend Offshore Yuan Loans
- Guidance from central bank said to have been issued on Jan. 11
- BOC Hong Kong among banks told to curb loans unless necessary
Will See More Downside for Yuan: UniCredit
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China’s central bank gave guidance two weeks ago to some Chinese banks in Hong Kong to suspend offshore yuan lending to curb short selling and tighten liquidity, said people with knowledge of the matter.
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