Shafaqna English– China’s securities regulator said that the crackdown on “illegal” cross-border investment will not result in the closure of mainlanders’ offshore accounts or the forced liquidation of their assets, amid investor concerns over the fate of $54 billion in assets.
Following Beijing’s sudden crackdown last month on “illegal” cross-border securities trading, some mainland Chinese savers are heading to Hong Kong and scrambling to explore options to preserve their investments in the financial hub.
Source: Reuters