Since the launch of the pilot Renminbi (Rmb) settlement for cross-border trade in July 2009, the demand for Rmb foreign direct investment (RFDI) has skyrocketed due to the strong interest from foreign enterprises wanting to invest in Chinese companies and the eagerness of domestic enterprises for offshore investment and financing.
Open gate for cross-border Rmb FDI flows
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
By
clpstaff
& clp articles