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January 12, 2017, 04:26:16 PM

This caught my eye:

https://twitter.com/cnLedger/status/819449070024437761

So the PBoC is concerned if traders have trading bots with an inverse peg to Yuan rate?  So what?  Many traders all over the world do that, in every market. Trading bots have algos that are pegging securities to variances of LOTS of different things (Dollar rate, Euro rate, S&P 500, crude oil price, PMs, pharma, etc., etc.)

Talk about overstepping their authority.

Maybe PBoC should be more concerned about the falling Yuan and the outstanding debt of their shadow banking industry.