China FX regulator orders banks to limit dollar purchases this month

Reuters with the headline:

• China FX regulator orders banks in some trading hubs to limit dollar purchases this month- sources

More:

• China's State Administration of Foreign Exchange (SAFE) has ordered banks in some trading hubs to limit dollar purchases this month
• All banks in certain trading hubs, including Shenzhen, have been affected
• In order to stem capital outflows

According to "three people with direct knowledge" (they declined to be identified because they are not allowed to speak to the media). SAFE officials did not immediately respond to comment.