China’s foreign exchange regulator has asked for cooperation from multinationals, including Sony, BMW, Daimler, Shell, Pfizer, IBM and Visa, to manage and control the flow of capital out the country.Bearish.
The request was made public in a report on the State Administration of Foreign Exchange’s website after the regulator’s chief addressed a delegation of foreign businesses in China at a symposium in Beijing on Wednesday.
“A stable and good foreign exchange market is in line with the common interests of regulators and market players and it requires joint efforts from all sides,” Pan Gongsheng was quoted as saying.
Counting on Correlation
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FEEDOne of my more painful members as a trader was from many years ago, in
which I had been aggressively bearish against the Chinese market. I forget
the p...
All liquor shops in Madhya Pradesh will be shut down in phases.
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