FXStreet (Bali) - According to varies market sources, the PBOC has decided to further tighten yuan borrowing costs in Hong Kong, in another attempt to discourage speculation towards shorting the offshore Yuan or CNH, as China continues to experience major outflows of capital amid decreasing growth prospects in the country. Reports seem to suggest that the PBOC has requested commercial banks to increase the interest rate on yuan lending to other banks. The measures should see a spike in HIBOR (Hong Kong Interbank Offered Rate - Offshore yuan borrowing rates). If confirmed, and when applied, it should be another added obstacle for those perma Yuan bears, and may add further downward pressure on USD/CNH, keeping the gap against the onshore USD/CNY relatively tight. Additionally, Reuters reports, quoting unnamed sources familiar with the matter, that "People’s Bank of China will allow funds in non-resident accounts (NRA) to be converted into fixed deposits which could encourage foreigners' to keep trade-related earnings in the country and help authorities temper capital outflows." For more information, read our latest forex news.