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China c.bank scraps reserves requirements for yuan forward positions, offshore yuan deposits

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BEIJING, Sept 11 (Reuters) - China's central bank on Monday said it has removed reserve requirements for financial institutions settling foreign exchange forward yuan positions and those for offshore yuan deposits in China at foreign institutions.

The changes were made in consideration of current market conditions, the People's Bank of China said in an emailed statement to Reuters.

(Reporting by Beijing Monitoring Desk; Editing by Shri Navaratnam)