China is limiting the outflow of yuan funds that multinationals can send out of the country – a move apparently aimed at influencing the exchange rate in offshore markets by tightening supply.
The People's Bank of China told banks providing yuan cash-pooling services for multinational corporations to limit outflows so the firms do not send more funds overseas than they bring in, people with knowledge of the matter said.
Not So Super
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FEEDSuper Micro (SMCI) makes rack servers. Boring, right? Well, not if they
got the privilege of riding the silly AI fad, which they did to great
effect. C...
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