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No Happy New Year in China as currency, liquidity fears loom

Thursday, December 29, 2016 - 05:50

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The People's Bank of China's yuan position - a gauge of capital flows - dropped the most in 10 months in November amid expectations of faster US rate increases.

Hong Kong

CHINA bulls could be facing a grim New Year's eve.

The first day of 2017 is when an annual US$50,000 quota to convert the yuan into foreign exchange resets, stoking concern that there will be a rush to sell the local currency. With tax payments and a regulatory assessment

sentifi.com

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