HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Topics » Economy & Education » Economy (Group) » STOCK MARKET WATCH - Thur... » Reply #31

Response to girl gone mad (Reply #11)

Thu Mar 22, 2012, 07:23 AM

31. China Quietly Relaxes Controls on Foreign Capital

http://www.nytimes.com/2012/03/21/business/global/china-quietly-relaxes-controls-on-foreign-capital.html?_r=1

The Chinese government has begun making it much easier for foreign investors to put money into China’s stock market and other financial investments, in a slight relaxing of more than a decade of tight capital controls. The move, not publicly announced but disclosed by some private money managers, indicates that Chinese officials are eager to counter a rising flight of capital from the country, a worsening slump in real estate prices, a weak stock market and at least a temporary trade deficit caused by a steep bill for oil imports. Those concerns have evidently started to offset fears of the potentially inflationary effects of big inflows of foreign cash.

Chinese securities officials made a series of phone calls to top fund managers outside China late last week telling them of the relaxation of the capital restrictions, according to several money managers. But if the fund managers wanted to increase their requested allotments for investing in China, they were told they would have to answer almost immediately — a sign of the government’s haste to come up with a plan to reassure financial markets.

“It literally was phone calls coming in at 4 and you had to give an answer by 5:30,” said the chairman of a financial company heavily invested in China. He insisted on anonymity to avoid offending regulators.


WE HAVE A NEW "CHINA SYNDROME" PANIC HERE....

Reply to this post

Back to OP Alert abuse Link to post in-thread

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 82 replies Author Time Post
Tansy_Gold Mar 2012 OP
Po_d Mainiac Mar 2012 #1
Tansy_Gold Mar 2012 #10
Demeter Mar 2012 #12
Tansy_Gold Mar 2012 #43
Po_d Mainiac Mar 2012 #2
Demeter Mar 2012 #3
Fuddnik Mar 2012 #8
DemReadingDU Mar 2012 #41
Fuddnik Mar 2012 #59
AnneD Mar 2012 #48
Demeter Mar 2012 #68
AnneD Mar 2012 #72
Demeter Mar 2012 #77
AnneD Mar 2012 #79
Demeter Mar 2012 #4
TalkingDog Mar 2012 #5
Fuddnik Mar 2012 #9
AnneD Mar 2012 #49
Demeter Mar 2012 #6
Demeter Mar 2012 #7
girl gone mad Mar 2012 #11
LineLineNew Reply China Quietly Relaxes Controls on Foreign Capital
Demeter Mar 2012 #31
Demeter Mar 2012 #32
xchrom Mar 2012 #13
Demeter Mar 2012 #14
xchrom Mar 2012 #18
AnneD Mar 2012 #50
Tansy_Gold Mar 2012 #54
AnneD Mar 2012 #64
Roland99 Mar 2012 #55
xchrom Mar 2012 #56
Tansy_Gold Mar 2012 #57
Roland99 Mar 2012 #58
Tansy_Gold Mar 2012 #61
AnneD Mar 2012 #65
Roland99 Mar 2012 #81
AnneD Mar 2012 #82
xchrom Mar 2012 #15
xchrom Mar 2012 #16
Demeter Mar 2012 #17
kickysnana Mar 2012 #53
Demeter Mar 2012 #19
FarCenter Mar 2012 #51
Demeter Mar 2012 #20
Demeter Mar 2012 #21
AnneD Mar 2012 #52
Demeter Mar 2012 #22
Demeter Mar 2012 #23
Demeter Mar 2012 #24
tclambert Mar 2012 #29
xchrom Mar 2012 #25
Ghost Dog Mar 2012 #33
Demeter Mar 2012 #35
xchrom Mar 2012 #26
Ghost Dog Mar 2012 #71
Demeter Mar 2012 #27
bread_and_roses Mar 2012 #40
tclambert Mar 2012 #28
Demeter Mar 2012 #30
xchrom Mar 2012 #34
Demeter Mar 2012 #37
InkAddict Mar 2012 #42
AnneD Mar 2012 #73
Demeter Mar 2012 #78
xchrom Mar 2012 #36
xchrom Mar 2012 #38
xchrom Mar 2012 #39
xchrom Mar 2012 #44
xchrom Mar 2012 #45
xchrom Mar 2012 #46
xchrom Mar 2012 #47
Fuddnik Mar 2012 #60
Tansy_Gold Mar 2012 #62
Demeter Mar 2012 #69
Fuddnik Mar 2012 #70
AnneD Mar 2012 #74
AnneD Mar 2012 #63
Tansy_Gold Mar 2012 #76
AnneD Mar 2012 #80
xchrom Mar 2012 #66
Demeter Mar 2012 #67
girl gone mad Mar 2012 #75
Please login to view edit histories.