China’s Ministry of Commerce has formulated a detailed plan which outlines offshore Yuan funds to flow back into China. These measures will position the worlds secnd largest economies currency as a major global reserve currency.
current restrictions mean that overseas investors have immense difficulty in investing in China. The new framework will allow foreign investors to transact in the domestic market.
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Hing Kong has been gaining most of the offshore Yuan volume and China’s government is keen to bring back flows to mainland China.