China may require banks to hold a minimum amount of cash in
foreign currencies, a move aimed at controlling the rise in
foreign-exchange lending, the official China Securities
Journal reported, without citing anyone.
The requirement will help reduce the government's reserve
holdings, the Beijing-based newspaper said, without
elaborating.
For more details, please read the full story in Chinese (http://www.cs.com.cn/yh/08/200710/t20071018_1223331.htm).
?
(Shanghai Daily October 19, 2007)
