PBOC cut key macro prudential parameter to curb foreign borrowing amid yuan’s sharp strengthening
STOCKS
PBOC cut key macro prudential parameter to curb foreign borrowing amid yuan’s sharp strengthening
STOCKS

PBOC cut key macro prudential parameter to curb foreign borrowing amid yuan’s sharp strengthening

 

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Chinese regulators cut a key macro prudential parameter on Friday, a move that many believe is aimed at reducing banks' cross-border financing and slowing foreign capital inflows amid sharp strengthening of the Chinese yuan.

China will cut its macro prudential parameter for financial institutions' cross border financing to 1 from the previous 1.25, according to a statement released by the People's Bank of China and the State Administration of Foreign Exchanges (SAFE).

"The adjustment is aimed at improving macro prudential management of the total cross-sector financing, guiding financial institutions to adjust . . .

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