Over the past two years, China has issued numerous policies and programmes to internationalise the yuan. From the proposed Shanghai international bourse to the launch of the Mini-QFII scheme this year, it's clear that China's intent is to bring her currency to the centre of the world stage and align it with the country's growing influence in global trade and finance
Figuring out how to set up your accounts in China can be tricky if you're not sure about foreign exchange controls. Here, a few experts from Baker & McKenzie and Duan & Duan share their insights on what to note when doing commercial banking in the Mainland