Beijing to liberalise Yuan usage

Tuesday, 23/08/2011 | 12:32 GMT by Adil Siddiqui
  • China's Ministry of Commerce has formulated a detailed plan which outlines offshore Yuan funds to flow back into China. These measures will position the worlds secnd largest economies currency as a major global reserve currency.
Beijing to liberalise Yuan usage

China's Ministry of Commerce has formulated a detailed plan which outlines offshore Yuan funds to flow back into China. These measures will position the worlds secnd largest economies currency as a major global reserve currency.

current restrictions mean that overseas investors have immense difficulty in investing in China. The new framework will allow foreign investors to transact in the domestic market.

Hing Kong has been gaining most of the offshore Yuan volume and China's government is keen to bring back flows to mainland China.

Grab your latest copy of the Forex Magnates Retail Forex Industry Report.

China's Ministry of Commerce has formulated a detailed plan which outlines offshore Yuan funds to flow back into China. These measures will position the worlds secnd largest economies currency as a major global reserve currency.

current restrictions mean that overseas investors have immense difficulty in investing in China. The new framework will allow foreign investors to transact in the domestic market.

Hing Kong has been gaining most of the offshore Yuan volume and China's government is keen to bring back flows to mainland China.

Grab your latest copy of the Forex Magnates Retail Forex Industry Report.

Topics
yuan
government
About the Author: Adil Siddiqui
Adil Siddiqui
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