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Economic Growth vs. Currency Defense: China’s Ongoing Predicament

November 7, 2016

The pile of money sloshing around China is causing headaches for regulators this week. As Hong Kong jumps on the property tightening bandwagon, China’s High Net Worth Individuals continue to move money to North American cities– which were recently reported as the most popular destination for HNWI assets. Meanwhile, a former SAFE official argues that economic growth should be prioritized over currency defense, a sign that bodes poorly for Chinese concerned about RMB depreciation.

 

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The views expressed represent an assessment of market conditions at a specific point in time, are opinions only and should not be relied upon as investment advice regarding a particular investment or markets in general. Such information does not constitute a recommendation to buy or sell specific securities or investment vehicles.