China's Forex Regulator Issues Draft Measures On Facilitating Cross-border Trade And Investment
Portfolio Pulse from Charles Gross
China's forex regulator has issued draft measures aimed at facilitating cross-border trade and investment. The move is seen as a step towards liberalizing the country's capital account.
July 24, 2023 | 10:50 am
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The draft measures by China's forex regulator to facilitate cross-border trade and investment could potentially impact the iShares China Large-Cap ETF (FXI).
The draft measures are aimed at facilitating cross-border trade and investment, which could potentially lead to increased foreign investment in China. This could in turn boost the performance of the iShares China Large-Cap ETF (FXI), which tracks the investment results of an index composed of large-capitalization Chinese equities.
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