TITLE

PBOC unveils another new renminbi investment scheme

AUTHOR(S)
Osborne, Simon
PUB. DATE
November 2014
SOURCE
Ai Trade News;2014, p1
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article offers information on the approval of the Renminbi (RMB) Qualified Domestic Institutional Investor programmed, a pilot program to internationalize the RMB, by the People's Bank of China. It adds that the move will allow fund management companies, brokerages and insurers to use their own funds for investment or raise money onshore. Also added is that the decision will make nine countries and regions issued with RQFII quota with a cumulative total of RMB 770 billion.
ACCESSION #
99804528

 

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