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China state banks buy dollars to curb rapid yuan rally - sources

By Reuters Staff 1 Min Read SHANGHAI/BEIJING, May 25 (Reuters) - China’s major state-owned banks were seen buying U.S. dollars at around 6.4 yuan per dollar level on Tuesday afternoon, four sources with knowledge of the matter said, in a move viewed as an effort to curb fast yuan appreciation to breach the key level. (Reporting by Winni Zhou, Jindong Zhang, Xiao Han, Rong Ma and Andrew Galbraith; Editing by Andrew Heavens)

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Exclusive: China asks banks not to withhold loans to asset manager Huarong - sources

Exclusive: China asks banks not to withhold loans to asset manager Huarong - sources
marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.

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EXCLUSIVE-China asks banks not to withhold loans to asset manager Huarong - sources

EXCLUSIVE-China asks banks not to withhold loans to asset manager Huarong - sources
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

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UPDATE 1-Chinese city curbs exporters forex transactions to slow yuan rally -sources

By Reuters Staff 3 Min Read (Adds response from regulator in paragraph 7 and 8; clarifies curbs as verbal guidance in paragraph 3 and 10) SHANGHAI/BEIJING, March 12 (Reuters) - Regulators have tightened the screws on foreign exchange transactions in one of China’s main export hubs by restricting conversions of exporters’ dollar earnings, people familiar with the matter said, as authorities seek to rein in a surging yuan. China has long held a tight grip on its currency due to concerns that excessive volatility could affect capital flows and harm the economy. Unlike other large economies, Beijing does not allow fully unrestricted cross-border money transfers, and foreign currency cannot be freely converted into yuan.

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China tells banks to scale back lending to contain financial bubble risks: sources

China's regulators are telling banks to trim their loan books this year to guard against risks emerging from bubbles in domestic financial markets, said people familiar with the matter on Friday.

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