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China Seeks to Slow Yuan Gains by Cutting Cost to Short Currency
Bloomberg
Published about 3 hours ago

China Seeks to Slow Yuan Gains by Cutting Cost to Short Currency

Bloomberg · Feb 27, 2026 · Collected from RSS

Summary

China stepped up efforts to temper the yuan’s advance by removing the additional charge for betting against the currency in the derivatives market.

Full Article

China stepped up efforts to temper the yuan’s advance by removing the additional charge for betting against the currency in the derivatives market.The People’s Bank of China will scrap the reserve requirement of 20% on foreign-currency forward contracts from March 2, it said in a statement. The change lowers the cost for market participants to bet against the yuan via derivative contracts with banks.

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