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China regulator tightens controls to stem capital outflows: sources

Move comes after yuan skids to more than 8-year lows; major outbound deals are being scrutinised
Wednesday, November 30, 2016 - 05:50

Shanghai

CHINA is stepping up measures to stem capital outflows after its yuan currency skidded to more than eight-year lows, sources said on Tuesday, taking aim at outbound investments that have soared to a record high.

The State Administration of Foreign Exchange (SAFE) has begun