Exclusive-China bars brokerages from accepting new mainland clients for offshore trading, say sources
HONG KONG (Reuters) -China has for the first time issued a notice prohibiting domestic brokerages and their overseas units from taking on new mainland clients for offshore trading, according to an official document seen by Reuters and confirmed by four sources. New investments by existing mainland clients are also to be "strictly monitored" to prevent investors bypassing China's foreign exchange controls, the notice said. The actions, which will restrict capital outflows, come as faltering growth for the world's second-largest economy has spurred investment overseas, wei...