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Yuan turnover soars in sign of December outflow pressures

Wednesday, December 28, 2016 - 05:50

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Policy makers have set stronger-than-expected fixings and tightened capital controls to prevent the yuan from entering a vicious cycle of sharper depreciation and faster fund exodus.

Beijing

THE onshore yuan's surging trading volume is another piece of evidence that capital is fleeing China at a faster pace.

The daily average value of transactions in Shanghai climbed to US$34 billion in December as of Monday, the highest since at least April 2014, according to

sentifi.com

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