Money
China to open RMB FDI
Updated: 2011-05-20 15:06
By Ben Yue (chinadaily.com.cn)
China is mulling policies to allow foreign institutions to invest directly in renminbi in China, China Business News reported on Friday.
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One industry insider said there was a huge demand for renminbi from foreign institutions' direct investments. However, the supervision must be very strict to guard against speculative capital inflows, the source told the paper.
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