Under the new regulations, Chinese nationals will no longer be limited to the former ceiling of $50,000 in forex acquisitions per year. They will be able to use their existing forex, or buy the foreign exchange with renminbi, apparently with no ceiling on the amount they can send abroad.
ôThe new rules come at a good time. Many people in China believe the A-share market is overvalued, as is domestic real estate. People are also worried about inflation and low interest rates. So there will...
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