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China Will Stop ‘Malicious’ Fund Outflows if Fed Tapers: SCMP  
China’s CSRC headquarters in Beijing. Reuters photo.

 

(AF) China will stop “malicious” actions that lead to capital outflows when the Fed unwinds its Covid stimulus, the China Securities Regulatory Commission (CSRC) has warned, according to the South China Morning Post.

Deputy chairman Fang Xinghai said his organisation was monitoring fund movements amid concern that some of the $537 billion of foreign money in China begins flooding from markets, the report stated. A costlier dollar would make overseas assets comparatively more valuable, it added. Full report: South China Morning Post

 

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Mark McCord

Mark McCord is a financial journalist with more than three decades experience writing and editing at global news wires including Bloomberg and AFP, as well as daily newspapers in Hong Kong, Sydney and Melbourne. He has covered some of the biggest breaking news events in recent years including the Enron scandal, the New York terrorist attacks and the Iraq War. He is based in the UK. You can tweet to Mark at @MarkMcC64371550.

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