China frees up overseas investment by banks, funds – Reuters

From Reuters (link)

China on Friday issued joint regulations that will open up the channels for Chinese institutional investors to invest abroad and relax controls on Chinese firms and individuals buying foreign exchange.

The long-awaited moves to allow more outflows of foreign currency, which would decrease upward pressure on the yuan, come before a visit to the United States by Chinese President Hu Jintao later this month and follow China’s foreign reserves surpassing of Japan’s as the world’s largest.

China’s end-February reserves stood at $853.6 billion, prompting calls by government researchers for China to rein in their rapid growth.

Categories :

Tags :

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.