Beijing cracks down on hot money inflows for bets on yuan appreciation

In a circular to commercial banks the State Administration of Foreign Exchange (SAFE) introduced for the first time a minimum net open position in US dollars, restricting banks' capacity to lend in the greenback.

via Business feed http://www.scmp.com/business/banking-finance/article/1231748/beijing-cracks-down-hot-money-inflows-bets-yuan