Goldman Sachs’ chief executive has warned that global investors are still “predominantly on the sidelines” over deploying capital in China because of weak consumer confidence and difficulties getting money out of the country.
David Solomon said investors “continue to be concerned” about cashing out of investments in the world’s second-largest economy.
“It’s been very difficult over the course of the last five years to get capital out,” he told an event on Tuesday organised by the Hong Kong Monetary Authority, the territory’s de facto central bank.
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