A former official under China’s State Administration of Foreign Exchange said national policymakers may want to encourage citizens to generate higher investment returns abroad. Photo: AP
A former official under China’s State Administration of Foreign Exchange said national policymakers may want to encourage citizens to generate higher investment returns abroad. Photo: AP
Economy /  China Economy

Can China boost foreign asset returns to ease impact of economic slowdown?

  • Allowing citizens to invest more internationally could boost their savings returns, says former overseer of international payments
  • China’s draconian capital controls let individuals convert up to US$50,000 annually, but only for travel and study, not for investment

Karen YeungFrank Tang
Karen Yeung in Hong Kongand Frank Tang in Beijing

Updated: 12:30am, 19 Aug, 2021

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A former official under China’s State Administration of Foreign Exchange said national policymakers may want to encourage citizens to generate higher investment returns abroad. Photo: AP
A former official under China’s State Administration of Foreign Exchange said national policymakers may want to encourage citizens to generate higher investment returns abroad. Photo: AP
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