Earlier posts on this: PBOC to impose reserve ratio on offshore yuan accounts

And:

  • Here comes the yuan fix from the PBOC after weekend moves to soften CNH

More (via Reuters):

  • PBOC says to start applying RRR to some banks involved in offshore yuan market
  • Says new RRR rules for offshore yuan market effective January 25
  • New RRR rules will not affect domestic liquidity
  • Will continue to use multiple policy tools to maintain ample liquidity in domestic banking system