The week in renminbi: PBoC scraps FX forward reserves rule, KraneShares launches OBOR ETF, Bridgewater eyes new China fund


The People’s Bank of China scraps the requirement for financial institutions to set aside cash as reserves when buying foreign currency forwards, KraneShares launches new ETF to track companies in the Belt and Road Initiative (BRI) projects, and Bridgewater is said to be starting a new investment fund in China.