China Will Allow Free And Timely Transfer Of Funds Related To Foreign Investment That Are Authentic And Compliant In These Pilot Zones
Portfolio Pulse from Charles Gross
China has announced that it will allow free and timely transfer of funds related to foreign investment that are authentic and compliant in its pilot zones, according to Reuters.
June 29, 2023 | 9:19 am
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POSITIVE IMPACT
The announcement by China to allow free and timely transfer of funds related to foreign investment in its pilot zones may impact the iShares China Large-Cap ETF (FXI).
The new policy by China could potentially attract more foreign investment into the country, which could in turn boost the performance of large-cap Chinese companies. As FXI tracks the performance of these companies, it could see a positive impact.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80