Guidelines On Yuan FDI
Source: Bloomberg News |
August 24, 2011, Wednesday
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Print Edition
Print Edition
CHINA issued draft guidelines for foreign direct investment in the country with yuan raised offshore, in an effort to make repatriation easier and strengthen the role of Hong Kong as an offshore finance center.
Companies may use yuan raised through cross-border trade settlements or offshore yuan bond and share sales to invest in China. The funds may not be used to buy domestic securities and financial derivatives or to repay debt, according to the draft rules posted on the website of the Ministry of Commerce. Repatriation is also forbidden for so-called entrusted loans between companies with banks acting as the middle-men.
Companies may use yuan raised through cross-border trade settlements or offshore yuan bond and share sales to invest in China. The funds may not be used to buy domestic securities and financial derivatives or to repay debt, according to the draft rules posted on the website of the Ministry of Commerce. Repatriation is also forbidden for so-called entrusted loans between companies with banks acting as the middle-men.
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