China's Capital Outflows Hit Record High, Boosting Bond Rally
TL;DR Summary
China has seen a record $538 billion exodus from bank deposits in April as investors seek higher returns in bonds and wealth management products, driven by low deposit rates and regulatory crackdowns on preferential deposit practices.
- China's $538 Billion Deposit Exodus Supercharges Rally in Bonds Bloomberg
- China`s capital outflows worsen in April, pressuring the yuan WION
- ICYMI - China’s capital outflow surges to its highest since 2016 ForexLive
- China’s Capital Outflow Surges to Highest Since 2016 in April Forex Factory
- China's Capital Outflow Surges to Highest Since 2016 in April Bloomberg
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