China Briefing News

China’s RMB Kicks off Trading against Aussie, Canadian Dollar


Nov. 29 – The Chinese local currency renminbi (RMB) kicked off trading against the Australian dollar and the Canadian dollar in the country’s onshore market on Monday. The two new foreign currencies have become the latest additions to the seven other foreign currencies that are currently being traded directly against the RMB. The RMB opened […]

China Officially Opens Cross-Border RMB-Denominated FDI


Following the issuance of a circular draft concerning cross-border RMB-denominated FDI in August, China has recently fixed and released the official legal document, which can be used as a guidance for foreign investors who intend to conduct FDI with RMB legally obtained overseas.

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