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Global Cooperation Needed to Prevent Hot Money: Caixin

CHINA PRESS
MNI (Singapore)

The world should strengthen cooperation to prevent financial risks, improve cross-border capital management policy tools and the monitoring system for cross-border capital flow so to prevent hot money from disrupting emerging markets, Caixin reported citing Liang Tao, vice chairman of the China Banking and Insurance Regulatory Commission. Liang warned that financial vulnerabilities have increased, and great attention should be given to the rapid rise of U.S. bond yields and surging commodity prices, said Caixin.

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