China Introduces Yet Another Round Of Capital Control Measures

China Capital Controls just became stricter

Chinese policymakers have added yet another round of capital account control measures this week as they try to stem the accelerating capital flight out of the country.

On the last day of 2016, China's State Administration of Foreign Exchange introduced a new round of regulation on information reporting of individuals’ foreign exchange. While the $50,000 limit has not been reduced (yet), individuals are now required to produce a more detailed description of what the funds will be used for after exchange.

China Capital Controls - New Measures

Individuals are now required to give more detailed proof of their activities falling under the approved areas: tourist travel, education, business travel, visiting relatives, medical treatment, imports of goods, buying non-investment insurance products and consultation services.


This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here

If you are subscribed and having an account error please clear cache and then cookies if that does not work email and we will get back to you as quick as humanly possible

Saved Articles

Are you a smart investor? Join tens of thousands of sophisticated investor reading our authoritative free newsletter

* indicates required

Congrats! Are you a smart person?

We have an exclusive targeted for being a sophisticated and loyal reader.

Sign up for ValueWalkPremium today and get our exclusive content for 35% off.

Use coupon code vip19 or click on the button below

Limited time offer only ENDS 11/30/2019 or after next 25 20 subscribers take advantage whichever comes first – please do not share this discount with others