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China's Reserve Rule On Offshore Banks Could Lead To More Capital Outflow
Aggregated Source: China Money Network
The People's Bank of China's requirement on onshore RMB deposits by offshore financial institutions will have little impact on onshore liquidity and limited impact on offshore liquidity, but could lead to more capital outflows, says a research report by ANZ. The Chinese central bank will apply the general reserve requirement rule on onshore RMB deposits […]


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