Bloomberg News

China Aims to Introduce Yuan Fdi This Year, 21st Herald Reports

June 22, 2011

June 23 (Bloomberg) -- China’s central bank aims to introduce yuan-denominated foreign direct investment rules this year, the 21st Century Business Herald reported today, citing an unidentified official at the People’s Bank of China’s monetary policy department.

The central bank will limit investments in companies operating in industries that are in oversupply, and also in banks, insurers and securities companies, the newspaper reported.

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