Illegal outflow of capital must be stopped

Enterprises transferring assets abroad should be put under close supervision, and the authorities already realize that.

Pan Gongsheng, vice-governor of China's central bank, has warned that some Chinese enterprises, with a high debt ratio at home, borrowed large sums of money last year to acquire overseas companies, including football clubs, and a few transferred their assets abroad under the guise of direct investment.

Previously, the government mainly blocked the hidden channels, cracked down on organizations engaged in covert transactions to prevent the outflow of capital, and largely succeeded in containing the illicit transfer of assets.