Thursday 25 February 2021
Home      All news      Contact us      RSS     
scmp - 3 days ago

China signals real financial opening up, but will it follow through?

A Chinese foreign exchange official said on Friday that Beijing will “study” a plan to allow all mainland residents to invest in offshore securities and insurance policies up to an annual limit of US$50,000.It is hard to underestimate the plan’s significance over the long run, if it goes ahead.For decades, China has barred its people from freely investing in offshore financial assets. Every Chinese citizen is given a nominal annual quota of US$50,000 to change yuan into foreign currencies for…


Latest News
Hashtags:   

China

 | 

signals

 | 

financial

 | 

opening

 | 

follow

 | 

through

 | 

Sources