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Global finance: China’s foreign exchange regulations’ tighten hit Australia?

People's Bank of China
People's Bank of China Source: Flickr/bfishadow

Chinas foreign exchange regulations are tightening up by China's central bank, the People's Bank of China ("PBOC"), in response to market anticipation of the depreciation of the country's currency, the Renminbi. How do these changing of regulations impact Chinese investors? Since Australia has a strong business ties with China, will these changes affect our economy and investment opportunity? In an interview with Ivan Leung, Financial planner Kam Yuen from CoWealth investment will tell us more.


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By Ivan Leung

Source: SBS



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Chinas foreign exchange regulations are tightening up by China's central bank, the People's Bank of China ("PBOC"), in response to market anticipation of the depreciation of the country's currency, the Renminbi. How do these changing of regulations impact Chinese investors? Since Australia has a strong business ties with China, will these changes affect our economy and investment opportunity? In an interview with Ivan Leung, Financial planner Kam Yuen from CoWealth investment will tell us more.



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