Thursday, April 15, 2021
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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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...