China to scrap quotas on two foreign investment schemes
This comes as a weakening yuan and rising outflows prompt Beijing to attract more foreign capital, however, the move may be largely symbolic
10 September 2019 - 17:44
Shanghai — China’s foreign exchange regulator said on Tuesday that it has decided to scrap quota restrictions on two major inbound investment schemes, as a weakening yuan and rising outflows prompt Beijing to seek to attract more foreign capital.
While underlining China’s thirst for overseas funding as its economy slows amid a debilitating trade war with the US, the move also appears largely symbolic, as two-thirds of the existing quotas remain unused...
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