China has intensified efforts to moderate the yuan’s recent appreciation by eliminating the additional charge imposed on betting against the currency in the derivatives market.

In a statement, the People’s Bank of China (PBOC) announced that it will remove the reserve requirement of 20% on foreign-currency forward contracts starting from March 2.

This move aims to ease pressure on the yuan and stabilize the currency market amid ongoing fluctuations.
https://www.bloomberg.com/news/articles/2026-02-27/china-seeks-to-slow-yuan-gains-by-cutting-cost-to-short-currency