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China to expand outbound investment channels, regulator says |
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10-MAR-2010 Intellasia | Bloomberg |
10 Mar, 2010 - 7:10:00 AM |
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China's government will open channels to facilitate outward investments by Chinese investors, the State Administration of Foreign Exchange said today in a statement.
The currency regulator will develop cross-border yuan products and enhance its monitoring of abnormal cross-border currency flows to deter speculative capital, according to its statement before a 9:00 a.m. press conference in Beijing.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aTn1HKmhXe0Q
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