China Outlines Plans to Ease Capital Controls, Boost Use of Yuan - Bloomberg

China Outlines Plans to Ease Capital Controls, Boost Use of Yuan - Bloomberg Chinese nationals will be able to buy equities and real estate via a Qualified Domestic Retail Investor scheme, Wang Dan, a deputy director general at the central bank, said today at a conference in Beijing. There are also talks under way to give locals access to yuan capital markets in Singapore and London, she said, without giving any start dates or sizes for the programs. Agricultural Bank of China Co. announced plans today to become the first company to offer yuan-denominated Global Depository Receipts in London. http://www.bloomberg.com/news/2014-10-09/china-outlines-plans-to-ease-capital-controls-boost-use-of-yuan.html?utm_source=The+Sinocism+China+Newsletter&utm_campaign=1c55f9ac04-The_Sinocism_China_Newsletter_10_09_14&utm_medium=email&utm_term=0_171f237867-1c55f9ac04-29615013&mc_cid=1c55f9ac04&mc_eid=5935182a65