Shenzhen lobbies for yuan cross-border lending scheme
Updated: 2012-04-13 08:15
By Oswald Chen(HK Edition)
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A display of Renminbi banknotes. Shenzhen government will push for the launch of a crossborder yuan lending pilot scheme this year to allow Shenzhen-based companies to borrow yuan directly from Hong Kong banks. Andrew Harrer / Bloomberg |
Pilot program to allow HK banks to lend yuan loans to mainland firms
oswald@chinadailyhk.com
(HK Edition 04/13/2012 page2)