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June 9, 2025
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Tag: capital controls

In SAFE hands: China’s secret plan for a US$1 trillion reserves fund in Hong Kong
  • Hong Kong News

In SAFE hands: China’s secret plan for a US$1 trillion reserves fund in Hong Kong

Cs news3 months ago02 mins

Halfway up a 37-storey tower overlooking Hong Kong’s Victoria Harbour, within walking distance from the People’s Liberation Army barracks and the classy Hong Kong Club, sits an unassuming office of a fund manager with an outsize role in the global financial markets. The spartan office, with two tiny flags of China and Hong Kong providing…

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Where are the jobs? Top talent lured to Hong Kong struggle to find openings
  • Hong Kong News

Where are the jobs? Top talent lured to Hong Kong struggle to find openings

Cs news8 months ago02 mins

Almost two years after Hong Kong began its big talent drive to attract graduates and top earners, the picture is less than rosy for many cleared to come to the city. In the first of a three-part series, Willa Wu finds out what new arrivals have experienced. Kira Xiong, a 23-year-old finance graduate with degrees…

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The quarter-trillion dollar rush to get money out of China
  • China News

The quarter-trillion dollar rush to get money out of China

Cs news8 months ago015 mins

Moving fortunes out of China is hard: The country imposes strict capital controls that cap individual purchases of foreign exchange at $50,000 a year. Violators can receive big fines, or even prison sentences, if they break the law. Nevertheless, the stampede for the exit in the past few years appears to dwarf the outflows that…

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