BEIJING, Jan 29 (Reuters) – China’s central bank and foreign exchange regulator issued new rules on Saturday that bar domestic banks from using overseas loans to invest in securities or “speculative deals”, a notice on the bank’s website showed on Saturday.
The rules will take effect from Mar. 1.
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Reporting by Yew Lun Tian; editing by Jason Neely
Our Standards: The Thomson Reuters Trust Principles.
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