China eases certain Forex rules

China’s State Administration of Foreign Exchange (or “SAFE”), which sets foreign currency regulations in China, announced yesterday a series of new rules to take effect August 1 which indicate further easing of general Forex controls in China.
 
June 15, 2011 - PRLog -- LeapRate’s Forex Industry News – The new rules are aimed mainly at making it easier for Chinese companies to move money and invest overseas, as well as foreign banks operating in China to meet their local Yuan currency requirements. However, the new rules have wider implications for those doing business in the other direction (i.e. foreign companies selling and investing into China), and those involved in currency trading involving the Yuan.

For more details please see our Forex Industry News section at http://www.leaprate.com/News.html

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