China's FX regulator shackles big transactions
Nov 30, 2016
China: More scrutiny of trade-based FX deals to come, CICC warns
The discrepancy between China’s trade surplus and bank FX receipts in 2015 raises questions, says CICC. It predicts more intense scrutiny, with a focus on trade-based capital outflows.
China has stepped up enforcement of foreign exchange (FX) rules since January, but more scrutiny of trade-based FX deals could be on the way, according to China International Capital Corporation (CICC), an investment bank.
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