SHANGHAI China's central bank has urged commercial banks in Shanghai to guard against money outflows via the Shanghai Free Trade Zone (FTZ) disguised as foreign investment, two sources with knowledge of the instructions said on Friday. The Shanghai ... ( read original story ...)
Overseas staff in FTZ allowed to use local banking services
China's central bank will allow qualified international employees working in China (Shanghai) Pilot Free Trade Zone to open overseas personal free trade accounts, as part of a series of reforms encouraging innovation and cross-border investment. ( read original story ...)
UPDATE 1-China c.bank says will crack down on capital flight in FTZ reform drive
SHANGHAI Nov 23 China's central bank will crack down on capital flight and closely monitor abnormal capital flows as it pushes financial reforms in Shanghai's free trade zone (FTZ), an senior official said on Wednesday. Shanghai will strive to expand net ... ( read original story ...)
China stocks largely unchanged, investors prefer banking, property
SHANGHAI Nov 23 China stocks barely moved on Wednesday, consolidating recent gains with lower-valuation targets in banking and properties sectors still preferred by investors. The blue-chip CSI300 index rose 0.2 percent, to 3,474.73 points , while the ... ( read original story ...)
China’s central bank to crack down on capital flight in Shanghai free trade zone reform drive
China’s central bank will crack down on capital flight and closely monitor abnormal capital flows as it pushes financial reforms in Shanghai’s free trade zone (FTZ), an senior official said on Wednesday. Shanghai will strive to expand net money inflows ... ( read original story ...)
China c.bank says will crack down on capital flight in FTZ reform drive
SHANGHAI Nov 23 China's central bank will crack down on capital flight and closely monitor abnormal capital flows as it pushes financial reforms in Shanghai's free trade zone, an official said on Wednesday. Zhang Xin, deputy head of the People's Bank of ... ( read original story ...)
Shanghai FTZ to expand net money inflows- PBOC Shanghai branch
the Shanghai headquarters of China's central bank said on Wednesday. It will allow private equity funds and projects in the Shanghai FTZ to raise capital in the zone and overseas to meet demand for cross-border investments, the People's Bank of China's ... ( read original story ...)