HALISTER1: PBOC to Prevent Abnormal Capital Flows in Shanghai FTZ

PBOC to Prevent Abnormal Capital Flows in Shanghai FTZ

(Bloomberg) -- PBOC will step up scrutiny of attempts to evade forex control to prevent abnormal cross-border capital flows in Shanghai free-trade zone, PBOC Shanghai Head Office deputy director Zhang Xin says at a briefing in Shanghai.
  • PBOC will step up crackdown on money laundering, terror financing and tax evasion, Zhang says
  • PBOC seeks to boost net inflow of cross-border capital in the free-trade zone, according a PBOC Shanghai statement distributed before briefing
  • NOTE: PBOC to Allow Cross-Border Private Equity Investment in FTZ Link
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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