Open gate for cross-border Rmb FDI flows

December 06, 2011 | BY

clpstaff &clp articles

More new rules have been published that clarify the cross-border flow of Renminbi and they signal that China has formally opened the channel for cross-border and nation-wide Renminbi foreign direct investment

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Since the launch of the pilotRenminbi (Rmb) settlement for cross-border trade in July 2009, the demand for Rmb foreign direct investment (RFDI) has skyrocketed due to the strong interest