China Sets Rules for Firms Looking to Invest Abroad – Victoria Ruan

From The Wall Street Journal:

China set foreign-exchange rules governing fund-management companies investing in overseas capital markets, as part of efforts to further liberalize the country’s capital account.

The rules define the procedure for applications by fund-management companies for overseas investment, the State Administration of Foreign Exchange said in a statement on its Web site.

The regulator also placed restrictions on the use of foreign exchange by local residents and institutions to buy fund products, to try to limit potential financial risks.[Full Text and Subscribers Only]

CDT EBOOKS

Subscribe to CDT

SUPPORT CDT

Browsers Unbounded by Lantern

Now, you can combat internet censorship in a new way: by toggling the switch below while browsing China Digital Times, you can provide a secure "bridge" for people who want to freely access information. This open-source project is powered by Lantern, know more about this project.

Google Ads 1

Giving Assistant

Google Ads 2

Anti-censorship Tools

Life Without Walls

Click on the image to download Firefly for circumvention

Open popup
X

Welcome back!

CDT is a non-profit media site, and we need your support. Your contribution will help us provide more translations, breaking news, and other content you love.