Latest Nile Post News & Updates

Chinese President’s Crackdown on Capital Flight to Impact Households: Report

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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 …