Index > Briefing
Back
Tuesday, June 06, 2017
Chan Kung: China's capital controls should not give up prudential principles
ANBOUND

There have been many recent approaches to capital controls in China, and there are many more ways to control capital outflows in the future, but the problem is that these measures are also "freeze" the market simultaneously. The real solution to the problem should be strengthening the anti-money laundering laws, and enhancing the inspections involving in capital and project national security reviews, tax and customs. From the past experience, China's has a lot of doors opening, but these doors are not tight, resulting in much of capital outflows, which is also related to the key issue of the devaluation of Renminbi. Another key issue is the devaluation of capital goods; if the capital goods are devalued, then the capital will find more valuable investment targets, so this is the problem of economic development prospects.

Copyright © 2012-2025 ANBOUND