Intellasia News Services -- China to expand outbound investment channels, regulator says

China to expand outbound investment channels, regulator says
Source: 10-MAR-2010 Intellasia | Bloomberg
10 Mar, 2010 - 7:10:00 AM
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.

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