Xi Junyang

Currency controls unlikely to end soon

China is not ready to relax its rigid foreign exchange regime, despite a landmark stock market reform next month that could trigger an influx of overseas cash, economists said yesterday.

The imminent launch of a long-awaited scheme that allows qualified foreign institutional investors (QFII) to buy yuan-denominated A shares has prompted overseas foreign exchange markets to price in a more flexible and stronger yuan.

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Next Stop: $100 Oil?

Next Stop: $100 Oil? - Some analysts say record highs are only the beginning. Traders betting on rising global demand could push prices up further.

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