Talk of plan for outbound China investors revived
Forex regulator 'seeks State Council's nod' for a pilot plan that could allow individuals to invest in securities abroad
Singapore
IN the latest sign that China is regaining control of capital outflows and market stability, talk of a plan to allow individuals to invest abroad has gained new momentum, two years after market turmoil and capital flight led the authorities to shelve the proposal.
The foreign-exchange regulator is seeking State Council approval for a pilot plan that could allow Chinese to individually invest in securities traded overseas, according to people familiar with the matter.
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