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.
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