Wednesday , November 25 2020
Home / South China Morning Post / US dollar transfers cut back by Chinese bank as Beijing steps up scrutiny of capital outflows

US dollar transfers cut back by Chinese bank as Beijing steps up scrutiny of capital outflows

Summary:
[unable to retrieve full-text content]China Merchants Bank has suspended some of its US dollar remittance services as Beijing steps up its efforts to scrutinise funds flowing out of the country amid the trade war with the United States.China Merchants notified customers on Thursday last week that new transfers under the bank’s “Overseas Remittance Programme” would no longer be accepted from December 2, and the entire programme would be shut down on December 30. On Friday, in response to a large market and customer reaction, it…

Topics:
Karen Yeung considers the following as important:

This could be interesting, too:

Calculated Risk writes November 24 COVID-19 Test Results; Record Hospitalizations, Deaths Increasing

Tyler Durden writes “We Feel Like We Are Drowning” – Rural Hospitals Overwhelmed By Shortages Of Bed, Staff

Tyler Durden writes There Were Two Americas Today As Dow Struck 30,000 

Tyler Durden writes AOC & ‘The Squad’ Confront Biden About Lack Of ‘Progressive’ Cabinet Picks

[unable to retrieve full-text content]
China Merchants Bank has suspended some of its US dollar remittance services as Beijing steps up its efforts to scrutinise funds flowing out of the country amid the trade war with the United States.China Merchants notified customers on Thursday last week that new transfers under the bank’s “Overseas Remittance Programme” would no longer be accepted from December 2, and the entire programme would be shut down on December 30. On Friday, in response to a large market and customer reaction, it…

Leave a Reply

Your email address will not be published. Required fields are marked *