China’s cash-rich investors are increasingly looking to trade on offshore commodities markets after a regulatory crackdown and amid fears over the depreciation of the yuan, according to Marex Spectron Group, Bloomberg reports. The surge of trading from China comes after a clampdown last year on equity market speculation and the suppression of an unprecedented frenzy on commodities exchanges this year by hiking fees, raising margins and cutting trading hours. Chinese investors are also seeking overseas outlets for capital as fears of a weaker yuan encourage them to switch into dollar-denominated assets to protect wealth.
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