China’s new RMB x-border limit rules explained
Oct 13, 2015
China reignites X-border RMB cash-pool programme
China’s top policymaker turns on the tap (again) for companies to sweep renminbi funds across borders via two-way renminbi cash pooling ... though it's not entirely clear how this differs from the existing regime.
China’s National Development and Reform Commission (NDRC) issued a notice on May 2, "promoting" the nation’s two-way cross-border renminbi cash pooling programme in 12 trial zones set up last year.
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