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Hainan to be focal point of reforms
chinadaily.com.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinadaily.com.cn Daily Mail and Mail on Sunday newspapers.
Hainan to be focal point of reforms
chinadaily.com.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinadaily.com.cn Daily Mail and Mail on Sunday newspapers.
Two-way opening-up of financial market will be bolstered By CHEN JIA | China Daily | Updated: 2021-01-23 08:07 Share Currencies of different countries. [Photo/Sipa]
China s foreign exchange regulator highlighted specific measures on Friday to further promote two-way opening-up of the financial market, mainly through steadily freeing up cross-border capital flows and improving the renminbi exchange rate regime.
Based on a generally stable balance of payment in 2020, the State Administration of Foreign Exchange plans to expand the scale of the Qualified Domestic Limited Partner plan this year. The plan allows domestic investors to access more foreign assets.
It will also continue to approve quotas of the Qualified Domestic Institutional Investor plan, another program for outbound investment, according to Wang Chunying, deputy head and spokeswoman for SAFE.