RQFII expands
Source: Xinhua |
April 30, 2015, Thursday
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Print Edition
Print Edition
THE State Council, China’s Cabinet, has approved expansion of a trial of the Renminbi Qualified Foreign Institutional Investors to Luxembourg, the central bank announced yesterday.
According to a notice released by the People’s Bank of China, the RQFII quota is now 50 billion yuan (US$8 billion).
The central bank said the move will help domestic capital go global.
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