Wednesday, April 14, 2021
Tags Capital controls

Tag: Capital controls

China Caps Individual Bank Card Withdrawals at USD$15,000 Per Annum

China's State Administration of Foreign Exchange has stepped up capital account controls with the launch of new regulations that restrict the amount of money...

Underground Bank Chanelled $3bn Past Beijing’s Capital Controls

Chinese authorities have busted an underground bank that funnelled several billion dollars past Beijing's strict capital controls. Police have arrested seven individuals believed to be...

Sovereign Wealth Fund Says Chinese Outbound Foreign Investment Still Irrational

The vice-head of China's sovereign wealth fund says that outbound foreign investment by Chinese companies is oftentimes "irrational" in nature, leading to a comparatively...

Li Keqiang Commits to Unrestricted Capital Flows for Foreign Investors

Chinese Premier Li Keqiang has sought to heighten China's lustre in the eyes of foreign investor by reassuring them that there will be no...

China Banking Association Flags No Limit on Capital Outflows to One Belt One Road

The peak body for China's banking sector has flagged an absence of curbs on investment in projects related to the much-vaunted One Belt One Road...

Australia’s Central Bank Cautions China on Tightened Capital Controls

The head of Australia's central bank has called upon the Chinese government to moderate its capital control regime. Speaking on the topic of RMB internationalisation in Sydney...

Are Capital Controls Exacerbating Risk on Domestic Dollar Bond Market?

The Chinese government’s efforts to rein in capital outflows are spurring the expansion of a potentially risk-fraught market for dollar denominated bonds. Figures from UBS...

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Chinese Central Bank Appoints 48 Year-old Deputy Mayor of Chongqing as New Deputy Governor

The People's Bank of China (PBOC) has just expanded its senior leadership cohort with the addition of a new deputy governor drawn...

Beijing Cracks Down on Local Finance Platforms, Demands “Peeling Away” of Government Funding Role, Bankruptcies for Insolvent Firms

The State Council of China has issued new regulations concerning the handling of local finance platforms in a bid to stymie their...

Chinese CPI Bounces Back into Positive Territory in March

China's consumer price index (CPI) resumed positive YoY growth in March, as the domestic economy continues to recover from the impacts of...

Renminbi Lending Increases USD$1.17 Trillion in First Quarter of 2021

Chinese banks extended over USD$1.1 trillion in new loans in the first quarter of 2021 according to the latest data from the...