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17 Mar 2020
PBOC’s Chen: Will continue fending off large inflows, outflows of short-term speculative capital
China will continue fending off large inflows, outflows of short-term speculative capital, People’s Bank of China (PBOC) Vice Governor Chen wrote in a PBOC publication on Tuesday.
Further comments
To prevent cross-border risk contagion, reduce regulatory arbitrage.
China will quicken development of derivatives for foreign investors to hedge fx-related risks and better manage yuan-denominated investments in Shanghai.