China’s Capital Outflows Hit Record Amid Liberalization Push

China’s capital outflows rose to a record in July, driven by mainland investors’ aggressive buying of Hong Kong assets following new market liberalization measures.

Domestic banks wired a net $58.3 billion of funds overseas on behalf of their clients for securities investment last month, according to data released late Friday by the State Administration of Foreign Exchange. That’s the highest monthly outflow since records began in 2010.