According to CoinMeta, the People's Bank of China (PBOC) has issued a notice regarding matters related to RMB cross-border interbank financing business of banking financial institutions. This notice takes effect immediately upon issuance. On the date of implementation, domestic banks whose existing RMB cross-border interbank financing business exceeds the upper limit for net lending will be suspended from processing new RMB cross-border interbank lending business from the following day until the net lending balance returns to within the upper limit, at which point existing lending business will naturally mature. Article 6 of the "Notice of the People's Bank of China on Simplifying Cross-border RMB Business Procedures and Improving Relevant Policies" (Yinfa [2013] No. 168) regarding the upper limit for RMB account financing ratios is hereby repealed.