China stops daily disclosure of overseas fund flows data, affecting the $8.3tn market.
China ceases daily disclosure of overseas fund flows data, impacting $8.3tn market. Steady withdrawals of foreign funds prompt Beijing to end data release, amplifying capital outflows. Investors now rely on quarterly central bank reports for financial assets held by overseas entities, which can cause market volatility and may lead to China's first annual stock market outflow since 2016.
August 18, 2024
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