FDI Rmb settlement details released

Increase in cross-border Rmb investments expected

Issue: November 2011

Keywords (click to search): FDI Allen & Overy Rmb settlement

On October 14, the People’s Bank of China (PBoC) and the Ministry of Commerce (Mofcom) released new sets of regulations relating to cross-border foreign direct investment (FDI) settled in renminbi (Rmb).

The PBoC rules, the Measures for the Administration of Renminbi Settlement Matters Relating to Foreign Direct Investment (中国人民银行外商直接投资人民币结算业务管理办法), deal with Rmb investments of foreign-invested enterprises (FIEs).

The Mofcom notice, the Circular on Issues Relevant to Cross-border Direct Investment in Renminbi...

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