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.
- Goldman Sachs Sells Last ICBC Shares
- An Investment Company Tries Its Hand at Farming
- Alibaba Intending to Dig Deep for E-commerce Gold
- In Tuesday's Papers: Xi Plans to Meet Obama in June, Bird Flu Found in North Korea
- Closer Look: Li's India Trip about 'Exploring New Strategies'
- N. Korean Escape
- Financial Industry 'Should Be Opened up More'
- In Monday's Papers: Danone, COFCO in JV Agreement, Work on Two CRC Lines Delayed
- Four Local Gov'ts Eye Greater Borrowing This Year
- Billion Yuan Buddha
- Sign up to receive our free daily newsletter
- Too Big To Fail Is Bigger than Ever
- Why Foxconn's Switch to Robots Hasn't Been Automatic
- Marriage, Sex and Character
- Delicacies of the Chinese Dream
- Playing the Long Game
- Investment Company Asks: Can We Legally Short Sell?
- The Real Reason the Stock Market Is Slumping
- Teams to Draft Reform Topics for Party Congress Set up
- Is China Welcome in the Arctic?
- Errors of Aggression Catch up with Underwriter