China calls for global action to stop big flows of pandemic-fuelled hot money

Chinese financial watchdogs have called for tougher international oversight to stop big flows of hot money across borders in the aftermath of the coronavirus pandemic.Addressing the International Finance Forum in Beijing over the weekend, regulators also vowed to have zero tolerance for market manipulators.Liang Tao, vice-chairman of the China Banking and Insurance Regulatory Commission, said that with the recovery of developed economies, market volatility and vulnerabilities had increased as…

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