TITLE

The Winding Road

AUTHOR(S)
Bedell, Denise
PUB. DATE
September 2011
SOURCE
Global Finance;Sep2011, Vol. 25 Issue 8, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on the new rule of the People's Bank of China (PBoC) on cross-border renminbi of foreign direct investment (FDI). It states that the new rule allows all foreign enterprises in China to repatriate the funds to mainland China as FDI and to raise renminbi funds in the international market. Mitchell Silk of the law firm Allen & Overy states that cross border renminbi capital transactions will still call for an approval process despite the new regulations.
ACCESSION #
67255134

 

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