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Financial activity in Hong Kong and abroad focus of China’s attention

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Financial activity in Hong Kong and abroad focus of China’s attention

Monday 19 July 2021 – Vol.12 Ed.29.1

Commentary: China to increase scrutiny of domestic firms’ foreign financial activities

By Herbert Poenisch in Hangzhou

The world is fretting over capital controls in China. Over the years these rules have been largely liberalised for major participants, who establish affiliates abroad which lend and borrow with no capital controls. Given the magnitude of these activities, Chinese authorities are committed to tightening the oversight of overseas listings and borrowings. Further scrutiny of the financial activities of Chinese entities abroad is coming.

Read the full commentary on the website.

Meeting: Hong Kong’s future as an international financial centre

Thursday 5 August, 09:00-09:45

Hong Kong’s financial system remains resilient despite geopolitical tensions, social unrest and Covid-19. Eddie Yue, chief executive of the Hong Kong Monetary Authority, discusses Hong Kong’s role as a gateway to China, highlighting the stock and bond connect schemes. Yue also focuses on the fintech landscape and the role Hong Kong plays as a regional hub for green finance, being a financial regulator, investor and market facilitator.

Register to attend here.

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