China ’s forex regulator is instructing banks to keep quiet on how to monitor capital outflows and any potential negative views on the yuan , according to Reuters . The requests are seen as a bid to prevent panic pushing the yuan down further ; the currency 's 6 % slide against the US dollar in 2016 has resulted in restrictive measures on capital flows from the General Administration of Foreign Exchange , which has also set limits on currency volumes for some banks . Instead, they should adhere to the line provided by SAFE, that the purpose of the changes was to “promote healthy development of outbound direct investment” and “crack down on fake deals”, the notice added. Several Chinese financial institutions say they have lost business and risk their client relations as a result .
China ’s forex regulator is instructing banks to keep quiet on how to monitor capital outflows and any potential negative views on the yuan , according to Reuters . The requests are seen as a bid to prevent panic pushing the yuan down further ; the currency 's 6 % slide against the US dollar in 2016 has resulted in restrictive measures on capital flows from the General Administration of Foreign Exchange , which has also set limits on currency volumes for some banks . Several Chinese financial institutions say they have lost business and risk their client relations as a result .