Sunday, October 25, 2020
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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Fintech Giant Lufax Pursues USD$2.36 Billion Stateside IPO

Chinese fintech giant Lufax has revealed more details on its plans to pursue an initial public offering (IPO) in the US despite...

China to Increase Qualified Domestic Institutional Investor Quota by around USD$10 Billion

China's forex administration has announced a further increase to the foreign investment quota for qualified domestic institutional investors (QDII).

Zhou Xiaochuan Weighs in on Internationalisation of the Renminbi at 2020 Financial Street Forum

Zhou Xiaochuan, the former head of the Chinese central bank, has voiced his opinions on the near-term prospects for the internationalisation of...

PBOC Launches Fintech Research Centre, Calls for “Comprehensive Increase” in China’s Fintech Competitiveness and Influence

A senior official from the People's Bank of China (PBOC) has called for the country to further drive efforts for the development...