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Unintended consequences: China's new capital flight rules may encourage further outflows

We'll get today's CNY mid rate setting from the People's Bank of China in just a few minutes

While waiting, here's a piece from Bloomberg on Chinese regulations limiting capital outflow from the country:

  • By strictly enforcing existing rules and implementing new ones, they may only fuel demand to get money out in anticipation of more stringent measures.

This is related to: China's SAFE increasing scrutiny of FX purchases, closing loopholes

Link to the Bloomberg piece

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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