China’s bond market is the world’s third largest behind the US and Japan. But overseas ownership remains at just only 1.25 per cent, considerably lower than the average 20-30 per cent generally held in other key emerging markets, clearly illustrating an ongoing wariness over China’s capital controls to repatriate proceeds out of the mainland. Photo: Reuters
Karen Yeung
Opinion

Opinion

Across The Border by Karen Yeung

China’s forex interventions spook overseas investors

While China may be succeeding in boosting the yuan and warding off capital outflows, it is threatening to discourage overseas investors amid efforts to open up its financial markets

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China’s bond market is the world’s third largest behind the US and Japan. But overseas ownership remains at just only 1.25 per cent, considerably lower than the average 20-30 per cent generally held in other key emerging markets, clearly illustrating an ongoing wariness over China’s capital controls to repatriate proceeds out of the mainland. Photo: Reuters
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