China will continue to facilitate the opening-up of Shanghai's Pudong New Area and the building of a global financial centre in the city,. - China Daily
SHANGHAI (China Daily/ANN): Foreign-invested enterprises will not be required to maintain a separate account for renminbi-denominated capital flows at a pilot project in Shanghai soon, a senior official from the People's Bank of China, the central bank, said on Thursday (Nov 19).
The new policy will be officially launched in the Lingang Special Area, a new addition to the Shanghai Pilot Free Trade Zone, said Jin Penghui, deputy director of the Shanghai Head Office of the PBOC.
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