Tuesday, October 27, 2020
Tags Chinese capital controls

Tag: Chinese capital controls

Chinese Banks Tighten Foreign Cash Withdrawals, Heighten Customer Scrutiny

The Chinese central bank has tightened its capital controls, with domestic lenders ordered to increase their scrutiny of frequent US cash withdrawals...

PBOC “Declares War” on Short Sellers with Suspension of Shanghai Free-trade Accounting Unit System

The Chinese central bank has placed restrictions on commercial banks using free trade zones to deposit or lend renminbi funds abroad via certain types...

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Further Opening of Financial Sector Is Inevitable: Chinese Central Bank Chief

Yi Gang (易纲), the governor of the People's Bank of China (PBOC), has highlighted the external opening of the Chinese financial sector...

Zhou Xiaochuan Denies that Belt and Road Is Debt-trap Diplomacy

The former governor of the Chinese central bank has addressed accusations that China's much vaunted Belt and Road Initiative perpetrates a form...

Shenzhen the Stage for Further Chinese Depository Receipt Reforms as China Drives Capital Market Internationalisation

The southern tech hub of Shenzhen is set for further trials of Chinese Depository Receipts (CDR) as part of broader reforms to...

Chinese Central Bank Says No Competitive Relationship Between Digital Renminbi and Alipay or WeChat Pay

The head of the People's Bank of China's (PBOC) Digital Currency Research Institute has provided more details on the potential impact of...