Wenzhou Pilot Raises Hopes of Increased Cross-Border Yuan Services
(Beijing) -- As a pilot program takes shape in Wenzhou to allow individuals to make direct overseas investment with Chinese currency, expectations have arisen that the program will be further expanded to include more cross-border yuan transaction services.
But a source close to the situation said on November 16 said the central government hasn't worked out any policy to implement broader individual cross-border yuan business. There is also no timetable to expand the pilot program.
- The Waistland
- Cyanide Found in Dog Meat Sold to Restaurants, Zhejiang Court Hears
- In Paris, It's All about Growth
- Gov't Policies Actually Encourage Risky Investing Abroad
- Weeping Ceiling
- Insurance Firms Stop Online Sales, as Regulator Takes Long Look
- The Upright Magistrates
- Film: Tell Me a Beautiful World
- Exhibition: After Time
- Graphics: Going Mobile
- Sign up to receive our free daily newsletter
- Closer Look: JD.com Sees Its High Hopes for WeChat Fall Short
- Four Shanghai Customs Officials Nabbed by Party Graft Buster
- Zhou Family Legacy: Thick Blood, Fat Profits
- Zhou Yongkang's Early Years
- Closer Look: Anti-Corruption Czar Makes Noteworthy Appearance at CPPCC Meeting
- Zhou Yongkang Used Start in Oil Industry to Rise to Public Security Czar
- Chinese Tycoons, Stars Take up Ice Bucket Challenge for ALS
- Deng Xiaoping Gave Double Boost to Reform Efforts, Economist Says
- The Best Way to Remember Deng Xiaoping
- Detention of Haitong Securities Executive 'Is Linked to Bond Scandal'