Chinese regulators introduced stricter rules at the beginning of 2017.
from DailyFX - Forex Market News https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/china_news/2017/01/03/Chinas-Market-News-China-Restricts-FX-Purchases-Hikes-Steel-Mills-Costs.html?DFXfeeds=forex:fundamental:daily_briefing:daily_pieces:china_news
China’s Market News: China Restricts FX Purchases, Hikes Steel Mills’ Costs
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