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China to curb banks' use of overseas loans - Reuters

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BEIJING, Jan 29 (Reuters) - China's central bank and foreign exchange regulator issued new rules on Saturday that bar domestic banks from using overseas loans to invest in securities or "speculative deals", a notice on the bank's website showed on Saturday.

The rules will take effect from Mar. 1.

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Reporting by Yew Lun Tian; editing by Jason Neely

Our Standards: The Thomson Reuters Trust Principles.

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China to curb banks' use of overseas loans - Reuters
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