Summary: China's foreign exchange reserves have dropped for four straight quarters, leading to a fresh round of warnings about capital outflows
Prudential's Hong Kong operation has been a beneficiary of capital outflows
from China and has been a key driver of the recent growth of the Asian business.
It is expected that the tools will replace foreign-exchange purchases as a liquidity management tool, amid persistent capital outflows
During the same month, foreign exchange reserves fell to their lowest in nearly three years, with analysts blaming ``record" capital outflows
on expectations that the yuan will depreciate.
The illegal capital outflows
stem from tax evasion, crime, corruption and other illicit activity, the report said, according to which a record $1.
This has led to capital outflows
and a sharp depreciation of the exchange rate since mid 2013.
We have been below South Africa before, but by not more than 50 basis points and the capital outflows
have not been that significant.
Second, they maintained relatively low foreign currency reserves, which act as buffers to absorb capital outflows
Cyprus MPs undecided whether to release list with capital outflows
The central bank has tried to use short-term policy tools to inject more liquidity, but such tools were not enough, so it has to cut RRR," said Wen Bin, senior economist at Minsheng Bank in Beijing, adding that signs of increasing capital outflows
and a sliding domestic currency were particularly worrying.
Rupee bounces back Ignoring heavy capital outflows
and firm dollar overseas, the rupee bounced back -- off from four-month low logged last Friday -- by 25 paise to close at 60.
Generally, the strong dollar tempers capital flows into Dubai aACA* (while) weaker currencies create relative value in foreign markets and encourage capital outflows
from Dubai," according to Phidar.