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China’s central bank new reserve requirement takes effect Jan. 25th

China’s central bank says it will impose reserve requirement deposits for overseas financial agencies trading in yuan. The rule will be effective next Monday, on January 25th. Analysts say over 200 billion yuan of deposits will be submitted, and the offshore yuan supply could be tightened as a result. Currently the reserve ratio is zero. Some analysts said the announcement is aimed at dampening financial institutions from being too active in speculative yuan dealings.

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