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China Implements New Restrictions on Offshore Trading

The China Securities Regulatory Commission (CSRC) has issued a notice prohibiting domestic brokerages and their overseas units from accepting new mainland clients for offshore trading. This action marks the first time that such restrictions have been imposed. Such impalement signals China's commitment to manage capital outflows and stabilize its currency.How Brokerage Firms are Affected by the New RegulationsThe notice, dated September 28, 2023, issued by the CSRC's Shanghai unit, has not been p... Read More

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Content Topics

China

Implements

Restrictions

Offshore

Trading

Forex

Posted: Oct 12 2023, 07:10

Author Name: financemagnates

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