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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Financials

China wealth-fund chief urges open capital account

Posted on 07 June 2011

The chairman of sovereign wealth fund China Investment Corp. said it is in the country’s interest to create conditions to open up the yuan capital account.
Lou Jiwei said in an article on the Caixin media group website Monday that doing so would have certain negative effects, but that China could react with measures such as limiting short-term cross-border capital flows. However, China would lose certain economic opportunities if such restrictions were too tight, he said………………………………………Full Article: Source


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