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China details restrictions for yuan FDI

07-12-2012 09:15 BJT

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China’s central bank has released detailed rules on yuan foreign direct investment, setting restrictions on different yuan FDI accounts to invest in securities, derivatives or property.

The People’s Bank of China says yuan accounts held by foreign investors before they start the FDI must not be used for land or housing purchases.The new rules also ban foreign investors from using yuan credits borrowed outside China to invest in China’s property developers.

 

Editor:Zhang Jingya |Source: CNTV.CN

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