Banks Instructed to Cover Tracks of China’s Forex Regulator: Reuters

[kreslik.news]

Just over a week after concerns were raised about whether China’s new regulations on cash transactions and overseas transfers were capital controls in a disguised form, Finance Magnates has learned that China’s foreign exchange regulator, the State Administration of Foreign Exchange (SAFE), has been asking banks to keep its instructions about curbing capital outflows a secret, and to ensure that research analysts keep any negative views related to the yuan’s prospects to themselves, according to a Reuters report.

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