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PR Newswire
27-09-2013, 02:57 PM
By Bloomberg News
Sept. 27 (Bloomberg) -- China will allow trial convertibility of the yuan under the capital account in Shanghai’s free-trade zone with the pre-condition that risks can be controlled, the State Council says in plan for the zone.
• China to test interest rate liberalization
• FTZ plans to make interest rates more market-oriented
• Plans to liberalize cross-border financing
• China to allow foreign cos.’ trading of commidities futures “gradually”
• To allow China banks to conduct offshore business
• To allow qualified foreign financial institutions to set up bank
• To allow foreign cos. to make, sell games, amusement devices
• To allow trial of foreign-funded health insurance cos.
• To allow set up of wholly foreign-owned shipping managemet companies
• State Council posts general plan for zone on central government website
Sept. 27 (Bloomberg) -- China will allow trial convertibility of the yuan under the capital account in Shanghai’s free-trade zone with the pre-condition that risks can be controlled, the State Council says in plan for the zone.
• China to test interest rate liberalization
• FTZ plans to make interest rates more market-oriented
• Plans to liberalize cross-border financing
• China to allow foreign cos.’ trading of commidities futures “gradually”
• To allow China banks to conduct offshore business
• To allow qualified foreign financial institutions to set up bank
• To allow foreign cos. to make, sell games, amusement devices
• To allow trial of foreign-funded health insurance cos.
• To allow set up of wholly foreign-owned shipping managemet companies
• State Council posts general plan for zone on central government website
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