The Winding Road

Bedell, Denise
September 2011
Global Finance;Sep2011, Vol. 25 Issue 8, p4
Trade Publication
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.


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