Legislation roundup: Offshore RMB, online news services and money market funds
January 21, 2016 | BY
Katherine JoThe PBOC has limited banks' renminbi outflows, data compliance requirements for internet news outlets have increased and the CSRC has widened investment options for money market funds
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Banking
People's Bank of China, Circular on Implementation of the Normal Deposit Reserve Rate for Deposits with Domestic Correspondent Banks by Banks Participating in Offshore Renminbi Business