The planned change by the People's Bank of China will mandate a deposit of 20 per cent of sales to be held at zero interest and frozen for a year. Photo: AP The planned change by the People's Bank of China will mandate a deposit of 20 per cent of sales to be held at zero interest and frozen for a year. Photo: AP
The planned change by the People's Bank of China will mandate a deposit of 20 per cent of sales to be held at zero interest and frozen for a year. Photo: AP
China /  Politics

China's central bank to curb currency speculation with move to make it more expensive to bet on yuan’s weakness

Decision to impose reserve requirement on forward trading aimed at stabilising currency

Xie YuEnoch Yiu
Xie Yu  and Enoch Yiu

Updated: 5:49pm, 20 Jun, 2018

Why you can trust SCMP
The planned change by the People's Bank of China will mandate a deposit of 20 per cent of sales to be held at zero interest and frozen for a year. Photo: AP The planned change by the People's Bank of China will mandate a deposit of 20 per cent of sales to be held at zero interest and frozen for a year. Photo: AP
The planned change by the People's Bank of China will mandate a deposit of 20 per cent of sales to be held at zero interest and frozen for a year. Photo: AP
READ FULL ARTICLE