
Financial activity in Hong Kong and abroad focus of China’s attention
Monday 19 July 2021 – Vol.12 Ed.29.1
Commentary: China to increase scrutiny of domestic firms’ foreign financial activities
By Herbert Poenisch in Hangzhou
The world is fretting over capital controls in China. Over the years these rules have been largely liberalised for major participants, who establish affiliates abroad which lend and borrow with no capital controls. Given the magnitude of these activities, Chinese authorities...
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