PBOC’s Chen: Will continue fending off large inflows, outflows of short-term speculative capital

China will continue fending off large inflows, outflows of short-term speculative capital, People’s Bank of China (PBOC) Vice Governor Chen wrote in a PBOC publication on Tuesday.

Further comments

To prevent cross-border risk contagion, reduce regulatory arbitrage.

China will quicken development of derivatives for foreign investors to hedge fx-related risks and better manage yuan-denominated investments in Shanghai.