Update: China partially lifts X-border RMB cash pool outflow ban
China has given some conditional lifting to its suspension of net capital outflows from the cross-border renminbi cash pools in the country. But the criteria for firms eligible for the relaxation remain unclear.
China has partially lifted its ban on cross-border renminbi cash pools, which had been in place since January, to allow certain net outflows of money from these cash pools in several areas in the country, CT has learnt.
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