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China gives nod to foreign central banks to remit funds

Foreign central banks investing in domestic interbank market can freely remit funds without regulatory approval
Friday, April 15, 2016 - 05:50

Shanghai

THE People's Bank of China (PBOC) said that foreign central banks investing in the domestic interbank market will be able to freely remit funds without regulatory approval, in a further step to open up its debt markets.

China announced last year that it would allow foreign

sentifi.com

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