For the Chinese, this is likely to be a strategic investment to get a foothold in the European financial sector. Two sources with knowledge of the matter have revealed that the Chinese conglomerate, the HNA Group, is seeking to increase… Read More ›
yuan
China’s capital controls a worry – MSCI
In recent months, Beijing has clamped down on the flight of currency from its economy while denying the imposition of new capital control norms. Last year, the yuan fell to its 7 year low against the greenback. A top executive… Read More ›
Bitcoins have registered a growth of 125% in 2016
Traded heavily in China, the cryptocurrency is used to go around capital control norms placed by China’s ruling bosses. In a significant development, bitcoin has jumped above $1,000 for the first time in 3 years. It has outperformed all currencies… Read More ›
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