The newspaper "Shanghai Securities News" today that the Chinese authorities told banks to scrutinize the transfers of foreign companies into other currencies, the yuan.
The newspaper did not mention in its report to the sources, as well as non-listed reasons of such a step at a time when merely saying that it would give a more accurate picture of the transfers of foreign exchange, at a time when concerns about the spread connects the arrival of hot money to China.
The paper also pointed out that the State Administration of Foreign Exchange (SAFE) has asked banks to submit reports concerning the matter, and will enter this into effect as of the beginning of August / August next year.