China Tightens Its Grip on Billions in Offshore Wealth

Offshore trading has long given Chinese investors access to global markets — often through legal gray areas. Now, Beijing is stepping in with its biggest crackdown in decades. On today’s Big Take Asia Podcast, host K. Oanh Ha speaks with Bloomberg’s Lulu Chen about the sweeping restrictions and why Beijing is tightening controls over money leaving the country. We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Read more: China Targets Offshore Billions in Biggest Crackdown in Decades Hosted by K. Oanh Ha; Produced by Naomi Ng, Yang Yang; Reported by Lulu Chen; Edited by Paddy Hirsch. Fact-checking by Rachael Lewis-Krisky, Laura Newcombe; Engineering by Taka Yasuzawa. Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.See omnystudio.com/listener for privacy information.