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China to Raise FX Reserve Requirement to Slow Yuan Gains

China plans to raise the foreign-exchange reserve requirement ratio to slow the yuan’s gains.

SquawkNews Desk 1 updates Updated Nov 03, 2026, 01:45 AM UTC

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01:45:03 AM UTC
SquawkNews
China's central bank moved to stabilize the yuan by draining dollar liquidity domestically, after the Chinese currency strengthened to a multi-year high against the greenback.The People's Bank of China said Tuesday that it would hike the foreign-exchange reserve requirement ratio for financial inst…

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