Wednesday, January 27, 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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China UnionPay Establishes Commanding Presence in South-east Asia’s Digital Payments Market

Payments giant China UnionPay is making bold forays into the digital payment sectors of multiple countries throughout South-east Asia.

Chinese Central Bank Chief Flags Possibility of “Good Results” for Relaunch of Ant Group IPO

The head of the Chinese central bank has flagged the possibility that Jack Ma's Ant Group could still launch a successful IPO...

Virtual Lender ZA Bank Obtains Insurance Agency License in Hong Kong

One of Hong Kong's first virtual lenders has just obtained a license to also operate as a virtual insurance agency less than...

Chengdu to Issue 50M Yuan in Digital Renminbi via Record-sized Lottery

The Sichuan province capital of Chengdu is the latest Chinese city to stage trials for the issuance of the digital renminbi via...