Factbox: China’s measures to slow yuan depreciation


Source: reuters.com reuters.com

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SHANGHAI, Aug 1 (Reuters) - China's currency regulators have been asking some commercial banks to reduce or postpone their purchases of U.S. dollars, two people with direct knowledge of the matter said. The informal instruction, or the so-called window guidance, was meant to slow the pace of yuan depreciation, the sources said. China's yuan has lost 3.6% against the dollar to 7.16 per dollar, becoming one of the worst performing Asian currencies. Following is a list of policy moves and measures to stem yuan weakness after the local currency weakened past the closely watched 7-per-dollar level in May: ** Aug...