China capital curbs likely to remain in 2020: Asifma
Despite wide-ranging reforms, trade body Asifma foresees China maintaining a range of inflow and outflow restrictions in 2020, especially for large direct investment deals.
Even if China continues to liberalise its capital account, a raft of restrictions will remain in place in 2020, says the Asia Securities Industry and Financial Markets Association (Asifma).
“With a 2020 horizon, we think that China’s capital account should be ‘open’, albeit with some Chinese characteristics,” says Carmen Ling, global head of renminbi solutions at Standard Chartered Bank, which jointly launched the report yesterday, titled Rmb Roadmap.
Asifma argues that investo…
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