Chinese authorities are tightening limits on capital outflows by restricting access to funds that invest in offshore securities, as the country battles a protracted sell-off in domestic equities.
About a third of Chinese funds that invest in foreign securities under a scheme that bypasses strict capital controls said they had suspended or capped sales to retail investors. A Beijing-based fund manager focusing on US stocks said they had received informal instructions from the Shanghai Stock Exchange to reduce sales of such products targeting overseas markets. More details here:
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