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
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