New Delhi, July 25 (IANS) Chinese President Xi Jinping’s latest bid to curb capital flight from the country through tighter restrictions on cross‑border flows will accelerate the exodus of households, a new report has said.The report from Uganda-based Nile Post said the effects of crackdown will ripple far beyond the intended scope and unsettle Hong Kong’s financial sector.On May 22, the China Securities Regulatory Commission launched a crackdown on overseas fund channels, pressing Hong …
Latest China Securities Regulatory Commission News & Updates
New Delhi, May 28 (IANS) China has stepped up enforcement against unauthorised overseas stock trading channels as regulators move to tighten oversight of capital outflows amid rising demand from mainland investors for access to global equities, according to multiple reports.The clampdown comes as financial regulators intensify action against platforms facilitating offshore trading outside approved investment routes, in a broader effort to reinforce capital controls and maintain financial stabili…