A Chinese government decision to fast track rules on
renminbi-settled foreign direct investment (FDI) is indicative
of authorities’ concerns over the outflow of money
from the country, according to market participants.
The People’s Bank of China (PBOC) last month
announced offshore institutional and individual investors would
be able to make direct investments in China with the settlement
of renminbi (RMB), so long as their investments are in line
with China's existing laws and regulations.
The move aims to promote cross-border trade and investment
settled in RMB and support the development of...