China Warehouse- More Than Crockery Message Board

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Strategies & Market Trends : China Warehouse- More Than Crockery

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To: RealMuLan who wrote (3693)	11/16/2004 4:26:20 PM
From: RealMuLan	Read Replies (1) of 6370

Overseas Chinese allowed to tranfer RMB By Xu Binlan (China Daily) Updated: 2004-11-17 00:54 Chinese citizens emigrating overseas will be able to take their financial assets with them. New laws governing the transfer of personal wealth will take effect from next month, China's central bank announced Tuesday. The move represents a fresh approach by China's financial authorities in their pursuit for freer capital flow and a more flexible foreign exchange policy. "The relaxation of the restrictions is a major breakthrough in the regulation of the personal assets transfer," the People's Bank of China said in a statement. "It will also push forward the process of the making the renminbi fully convertible." chinadaily.com.cn

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