China’s central bank required the Chinese offshore banks to suspend lending in RMB

Almaty. January 27. Silkroadnews - The People’s Bank of China (Central bank) required a number of Chinese banks operating in China’s Special Administrative Region (SAR) of Hong Kong to suspend the issuance of loans in RMB, the Chinese media informs.
“The instruction was received to compress RMB amount at the interbank market outside of China and stop issuing short-term loans in the Chinese currency”, the mass media reported.
As it was noted last year, the People’s Bank of China has noticed the “abnormal” fluctuations in RMB offshore market. As a result, on January 1, 2016, the Chinese banks and companies have been instructed to suspend the issuance of loans, and on January 11, 2016, ordered to buy yuan.
Experts do not exclude these measures might be caused by the increased capital outflow from the country. According to Bloomberg, in 2015 investors took away from China $1 trillion, which is the largest figure in the history of observations. During the year the capital outflow from China has increased 8 times. In December only the amount of money leaving the country exceeded the whole 2014 - $158.7 billion versus $134.3 billion.