The latest moves follow a fall in China’s foreign ­exchange reserves in November despite Beijing’s attempts to close the door on ­capital outflows. Photo: Imaginechina
The latest moves follow a fall in China’s foreign ­exchange reserves in November despite Beijing’s attempts to close the door on ­capital outflows. Photo: Imaginechina
Macau
Hong Kong /  Hong Kong economy

exclusive | Beijing takes aim at Macau gaming industry to cut currency flight

Move to slash in half the amount China UnionPay bank card holders can withdraw from ATMs in enclave expected to take effect Saturday

Niall Fraser
Niall Fraser

Updated: 12:54pm, 9 Dec, 2016

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The latest moves follow a fall in China’s foreign ­exchange reserves in November despite Beijing’s attempts to close the door on ­capital outflows. Photo: Imaginechina
The latest moves follow a fall in China’s foreign ­exchange reserves in November despite Beijing’s attempts to close the door on ­capital outflows. Photo: Imaginechina
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