China resumes outbound investment scheme but with tighter controls

China has eased capital controls further by allowing the resumption of an outbound investment scheme that allows domestic financial institutions to trade yuan-denominated products, but strictly prohibiting them from converting yuan into foreign currencies. The People’s Bank of China (PBOC) published a notice on its website on Thursday to “further clarify” the regulations … http://bit.ly/2I5E3dK

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