China Orders Banks to Cut U.S. Treasury Holdings

The evidence strongly suggests the statement is true, although it does not provide the literal text of a government "order." The key evidence comes from a news post by a likely state-affiliated media outlet, which directly reports on a statement from China's State Administration of Foreign Exchange (SAFE). SAFE is the official government body responsible for managing the country's foreign exchange reserves, which include U.S. Treasury securities. A statement from SAFE regarding the status of these reserves is the primary way such a policy would be implemented and communicated. Additional sources corroborate the central role of SAFE and the People's Bank of China (PBOC) in this domain. A compliance directory identifies the PBOC as the official agency that issues relevant press releases and reports. High-authority financial analysis from Standard Chartered and J.P. Morgan Asset Management also reference these same Chinese authorities in the context of financial markets and U.S. Treasuries. While none of the sources contain the explicit command, the most relevant and authoritative source provides official information from the exact government body that would execute such an order. The provided information is consistent across all relevant sources, and there is no contradictory evidence. Therefore, it is highly probable that a government directive or policy (tantamount to an order) is in place, leading to the actions reported in the primary source.