Stricter scrutiny
Source: Xinhua |
June 13, 2012, Wednesday
|
Print Edition
Print Edition
CHINA has issued a list of enterprises that will be put under strict supervision in an effort to regulate the use of the yuan in cross-border settlement for goods trade, the central bank said yesterday.
The regulators will step up management over the 9,502 enterprises that are on the list and adjust the list when necessary. Those enterprises are not allowed to deposit abroad the yuan funds earned from the cross-border trade settlement.
The regulators will step up management over the 9,502 enterprises that are on the list and adjust the list when necessary. Those enterprises are not allowed to deposit abroad the yuan funds earned from the cross-border trade settlement.
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