(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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