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China warns of ‘malicious’ capital outflows as financial markets brace for US tapering

Summary:
[unable to retrieve full-text content]Chinese financial officials have warned of a “malicious” retreat of capital from the country, with hot money flows potentially on the rise as the United States prepares to scale back monetary easing, driving up the value of the dollar in the process.At Saturday’s China International Finance Annual Forum, Fang Xinghai, deputy chairman of the China Securities Regulatory Commission (CSRC), called for enhanced monitoring of cross-border money flows to maintain the stability of capital markets.“It…

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[unable to retrieve full-text content]
Chinese financial officials have warned of a “malicious” retreat of capital from the country, with hot money flows potentially on the rise as the United States prepares to scale back monetary easing, driving up the value of the dollar in the process.At Saturday’s China International Finance Annual Forum, Fang Xinghai, deputy chairman of the China Securities Regulatory Commission (CSRC), called for enhanced monitoring of cross-border money flows to maintain the stability of capital markets.“It…

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