Reuters exclusively reports Tiongkok brokers drop yuan forecasts to avoid regulators’ ire

Reuters exclusively reports Tiongkok brokers drop yuan forecasts to avoid regulators’ ire

October 1, 2021 Off By Sindy Thompson

Source : Reuters

Business & Finance

Reuters reported exclusively that brokerages in China have dropped detailed currency forecasts from their research notes, or have restricted access to them, underlining the growing sensitivity in the financial sector to a regulatory clampdown on speculative investment. Their disappearance follows pressure to avoid stock market forecasts as well as a ban by authorities on publishing commodity prices, amid a series of sprawling crackdowns that are re-shaping China’s economy and upending financial markets. 

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: FX & Fixed Income

Regions: Asia

Countries: China

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story

Source: Reuters