HONG KONG: The speed at which China is opening up the country's capital account signals Beijing’s intent to boost the yuan's allure among foreign trade partners.
The scope of some pilot programmes has been broadened across the country, including one that allows companies operating in China to move yuan funds easily across borders. The authorities also expanded investment quotas for foreign investors, prising open previously tight access to it financial markets.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!