renminbi cash dollar

    China probes cross-border brokers in crackdown; HK ‘loophole’ in crosshairs

    China’s market regulator announced a sweeping investigation on Friday against three major brokers running cross-border trading, as it launched a two-year crackdown on investment leaving the country. Photo: David Dennis via Flickr. China does not allow private individuals to directly invest in overseas markets, requiring them to trade assets only through approved third-party channels. However,…

    Read More