Net outbound yuan payments have totaled 1.8 trillion year in the year to date, while offshore yuan deposits declined by 255.7 billion yuan, according to latest figures. Photo: Reuters
Xie Yu
Opinion

Opinion

Across The Border by Xie Yu

China tells banks to scrutinise reasons for large capital outflows

Money leaving China faster than ever, with net outbound yuan payments totaling 1.8 trillion in the year to date, while offshore yuan deposits declined by 255.7bn

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Net outbound yuan payments have totaled 1.8 trillion year in the year to date, while offshore yuan deposits declined by 255.7 billion yuan, according to latest figures. Photo: Reuters
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