China central bank News

China’s financial services market should be opened further to foreign competition, but liberalization of cross-border capital flows should be done more cautiously, an adviser to China’s central bank said at a forum on Sunday. Financial opening also should an orderly …

China’s central bank will allow foreign businesses to invest in domestic financial firms using offshore yuan funding, it said on Thursday, as part of efforts to broaden the usage of the currency in cross-border investments. Foreign businesses can invest their …