Cross-border capital flows

The EU is preparing to eliminate barriers for banks' cross-border capital flows through a draft report by the European Commission. The initiative aims to enhance the performance of European lenders relative to their US counterparts.

China's tightened oversight of cross-border capital flows has raised concerns about reduced mainland demand for Hong Kong homes, potentially affecting the city's recovering property market. New measures include stricter scrutiny of unauthorized offshore brokers and guidelines targeting illegal cross-border fund-transfer channels.

Shanghai-listed stocks closed at a decade-high as cash-rich local investors poured into the market amid easing US-China trade tensions, despite traders rushing to exit due to a crackdown on cross-border capital flows.

China is implementing penalties against Tiger and Futu in a crackdown on cross-border capital flows. The action targets financial platforms facilitating unauthorized movement of funds across borders.