China's FX regulator shackles big transactions
Nov 30, 2016
Chinese regulators confirm rumours of outbound transaction curbs
Corporates face curbs on 'irrational' outbound deals and stronger scrutiny of big-ticket FX transactions under the capital account, regulators confirm.
Four major Chinese regulatory bodies responded to public pressure and widespread online speculation by clarifying their stance on outbound investment – offering subtle confirmation of reports they were clamping down on “irrational” offshore purchases.
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