China's Strictest Capital Controls Yet Cannot Stop Outflows: Morgan StanleyBala Murali Krishna
In a bid to curb outflows and better manage its currency, China plans to impose its strictest capital controls yet since it began regulating in September 2015. Among other things, it proposes to scrutinize foreign acquisitions worth $10 billion or more, or just $1 billion if the target company is in an unrelated business; and raise monitoring of capital outflows including those via the Shanghai free trade zone.
The regulations – still far from watertight – will in the near term reduce capital outflows and curb volatility of the . . .
This content is exclusively for paying members.
If you are subscribed and having an account error please clear cache and cookies if that does not work email [email protected] or click Chat.