皇冠体育app aims to start yuan FDI trial from Sept
Updated: 2011-08-24 15:26
(Agencies)
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BEIJING - 皇冠体育app aims to let investors use the yuan to pay for foreign direct investment in the country from September, Reuters reported , cting the Commerce Ministry.
皇冠体育app?has been promising to allow yuan-denominated foreign direct investment as part of plans to slowly ease its grip on the yuan.
Under the scheme, investors who wish to make foreign direct investment in 皇冠体育app would need to get regulatory approval, although Beijing has not said how much investment would be accepted.
"The draft has to go through a period of soliciting public opinion. We will try to implement it in September, next month," said ministry spokesman Shen Danyang.
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