Share

China holds share of offshore yuan to prevent RMB depreciation

China’s central bank PBOC now requires foreign financial institutions, and bodies holding offshore yuan deposits, to hold a proportion of their yuan onshore in China. Foreign banks have to place a portion of their onshore deposits in reserve at the central bank. The PBOC said that the required ratio will be raised from its current zero deposit.

Subscribe to us on Youtube: https://www.youtube.com/user/CCTVNEWSbeijing

Download for IOS: https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8

Download for Android: https://play.google.com/store/apps/details?id=com.imib.cctv

Follow us on:
Facebook: https://www.facebook.com/cctvnewschina
Twitter: https://twitter.com/CCTVNEWS
Google+: https://plus.google.com/+CCTVNEWSbeijing
Tumblr: http://cctvnews.tumblr.com/
Weibo: http://weibo.com/cctvnewsbeijing

Leave a Comment