Country likely to refuse RMB investment from overseas companies.

By bne IntelliNews February 23, 2011
China is likely to bar overseas companies from making RMB-denominated investments in the country in 2011, due to the issue of large hot money inflows in short term As reported by Xinhua's China Economic Information Service, according to China Daily, the Ministry Of Companies said that last year the country had completed study on the feasibility of authorization of using RMB in Foreign Direct Investment in China. Further it was said that it is doubtful that the plan will be executed in the near future because it may cause large hot money inflows.

Related Articles

Hong Kong's composite interest rate registered 0.25% in February

Hong Kong's composite interest rate declined 3 basis points (bps) registering 0.25% in February this year. As reported by News.gov.hk, the decrease in the composite rates was due to the decline ... more

Thailand's government expected to promote export-oriented SMEs.

Thailand's government is likely to offer financial support for export-oriented small- and medium-sized enterprises (SMEs) and the indigenous industry, resulting in an increase in volume and value ... more

Small companies concerned about various government incentive schemes.

Singapore's small businesses are expected to be having concerns regarding the new and diverse government incentive schemes, which were announced in the recent Budget. As reported by ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss