Skip to main content

PBoC imposes reserve requirements on offshore deposits for first time

New measure is designed to curb CNH short-selling, analysts say

peoples-bank-of-china-new
People's Bank of China

The People's Bank of China (PBoC) will impose reserve requirement ratios (RRRs) on CNH deposits for the first time as it attempts to counter speculation against the renminbi in offshore markets.

The reserve requirements, which have yet to be revealed, will be imposed on offshore banks' renminbi deposits with correspondent and clearing banks onshore as well as on renminbi clearing banks offshore on January 25, the central bank said today (January 18).

CNH deposits held with banks onshore

Solo los usuarios que tengan una suscripción de pago o formen parte de una suscripción corporativa pueden imprimir o copiar contenido.

Para acceder a estas opciones, junto con todas las demás ventajas de la suscripción, póngase en contacto con info@centralbanking.com o consulte nuestras opciones de suscripción aquí: subscriptions.centralbanking.com/subscribe

Actualmente no puede copiar este contenido. Póngase en contacto con info@centralbanking.com para obtener más información.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Regístrese en Central Banking

Todos los campos son obligatorios, salvo que se indique lo contrario.

Mostrar contraseña
Ocultar contraseña

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Iniciar sesión
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.