Beijing remains on high alert for problems in its forex markets that could spark financial and economic volatility. Photo: AP
Beijing remains on high alert for problems in its forex markets that could spark financial and economic volatility. Photo: AP

China puts forex markets under microscope as yuan rallies and capital outflow pose ‘major risks’

  • Domestic economic slowdown and tensions with the West threaten to reduce China’s attractiveness to foreign investors and trigger an exodus of hot money
  • State forex regulator reiterates the importance of ensuring the safety, liquidity and value of China’s US$3.2 trillion worth of forex reserves

Topic |   Foreign exchange market
Beijing remains on high alert for problems in its forex markets that could spark financial and economic volatility. Photo: AP
Beijing remains on high alert for problems in its forex markets that could spark financial and economic volatility. Photo: AP
READ FULL ARTICLE