Channels ready for cross-border Rmb flows?

October 12, 2011 | BY

clpstaff &clp articles

Over the past few years, China has been creating channels to allow a two-way cross-border flow of Renminbi (Rmb) funds to internationalise its currency. As the legal framework for this is still nascent, investors need to be cautious of practical hurdles and uncertainties

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A Chinese geomantic (feng shui) theory believes that flowing water symbolises the flow of money, which tends to bring about luck and prosperity. There is no doubt that