ALBWABA- Chinese regulators have instructed major commercial and private banks to limit new purchases of U.S. Treasuries and reduce existing holdings, signaling a cautious recalibration of China’s exposure to dollar-denominated debt, according to sources familiar with the matter. State holdings, which stood at around $682.6 billion in late 2025, the lowest since 2008, remain unaffected. The advisory, communicated verbally over recent weeks, is framed by Beijing as a risk-management measure ...